The euro is clawing back earlier losses, especially against the scandies

EUR/USD: The market failed to contain the pair inside a contractingcontinuation pattern, but it is likely still a bearishcontinuation formation more like a “Flag” ( with EUR/JPYmay be exerting some upward pressure temporarily spillingover into EUR/USD). Below 1.3318 would fully confirm andstrongly argue for a fresh low, but already under 1.3359would hint of a correction passed zenith.