Seeking a stronger dollar. €/Scandies consolidating.

EUR/USD: A first attempt to end the current upward correction wasseen yesterday but was apparently not drawing enoughselling to break down from the bear flag. Since then a lowerhigh has been printed which indicate that sellers afraid ofmissing the bear train entering earlier. Breaking belowyesterday’s low point will now be the next step in thecreation of a top.

Read the full report: Technical Alert

 

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