EUR/USD: The drift higher is still on, prolonging the short-term correctional move, possibly towards the mid-body point of the bearish weekly candle ending Nov1 at 1.3645. A Nov7-21″Equality point” at 1.3690 would be an alternative objective before selling resumes. Nearest levels below to keep in mind are now located at 1.3557 & 1.3520. Short-term key remains the Nov21 low of 1.3399.
Read the full report: Technical Alert
SEB