More AUD bearish signs, USD/JPY bid

EUR/USD: Even though the initial attempt lower, breaking below 1.3276/82 was surprisingly reversed for a second test of the 61.8% Fibo resistance, 1.3321, we are still holding below the resistance. Several outcomes remain possible from here (flat consolidation, double top and more) so basically needs either a sustained (beware if we spike) break above 1.3325 or breaking below yesterday’s low point, 1.3256.

Read the full report: Technical Alert

 

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