EUR/USD: So far the market is following the textbook step by step.False range breaks (last week ended with an up thrust peakabove 1.3569) have a strong tendency of falling straightthrough the prior range and exit it to the opposite side inthis case lower. A break of 1.3462 will confirm the entiresetup calling for a continued decline (possible a confirmedended upside correction). Also a bearishly divergingstochastic in a hard falling position supports a bearish case.
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