There were no new marginal highs in Euro as prices failed at July channel resistance. The subsequent breakbelow the old 2013 high at 1.3711 further confirms that an important turn is at hand. Our recent strategic updateshave laid out multiple targets near 1.3850/3900 that were expected to complete a multi-year triangle.S/t, a small rounded top is forming with neckline support at 1.3651/46; the next support level below there is anold polarity level at 1.3462 which is also supported by the July up channel. O/n breakdown levels at 1.3704 &1.3742 (old support) are now resistance in the case of any bounce.Levels: Support – 1.3651/46, 1.3462, 1.3417 Resistance – 1.3704, 1.3742, 1.3785
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