EUR/USD: Yesterday’s price action with yet another correctional high and another failure to attract any follow through buying is clearly a bearish sign. So is also the fact that in the hourly chart we have shifted from impulsive moves higher and slow declines to the opposite, an indication of a bearish transition. A net down move today will also make stochastic roll over to the downside from its most overbought level since mid June. Above 1.3244 a new high will be confirmed.
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