Stronger NOK & AUD and weaker JPY can’t be neglected

EUR/USD: The high end of “the Cloud” and the 21day “Base line” keeps capping. Over 1.3299 is needed to start seeing the Aug-Sep decline as either a more complex trend lower (which could end up really powerful) or as a mere correction. Until then the picture remains cautiously tilted to the downside from here.

Read the full report: Technical Alert

 

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