JPY short covering. EUR weakness getting legs

EUR/USD: The bearish setup did deliver the anticipated outcome as themarket broke through the 1.3728/44 support zone attractingfresh selling. The next objective is to test and likely breakthe 1.3625 support, thereby also confirming a double top(and more downside potential). Strategy should be to sell uptics to or just above 1.37 with a 1.3740+ stop.

Read the full report: Technical Alert

 

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