EUR/USD: It’s likely a bearish “Flag” so look for a sell high in the nearterm range. The (blue) 8day “Conversion line” has bearishly crossed the (red) 21day “Base line”, but the market stays on top of the thinned “Cloud”. Look for a retest of the “Conversion line”/high end of recent range before steering south and below support around the 1.30-level. A short-term key ref is located at 1.2796 and further down an important medium-term ref at 1.2661.
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