Renewed $ buying? $/JPY completed bull triangle?

EUR/USD: The break of 1.3320 didn’t attract sellers enough to also pass the 1.3299 key support hence the market soon bouncing back into the prior range. The, so far, visible bear divergence between price and the 13d slow stochastic however suggests that more downside attempts to be seen in the near future but unless getting a foothold beneath 1.3299 no sell signal to be triggered. For today offers expected in the 1.3340’s.

Read the full report: Technical Alert

 

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