EUR/USD: Judging by price action the market remains in aconsolidation/correction in relation to the most recent sharpdrop. This means that another leg lower should materialize. It is less certain that players will be offered the opportunityto sell at a more favorable 1.3680\1.3720 level. Should thepair be allowed to slip back under yesterday’s low of 1.3596,it would seem natural to also take out 1.3571 before long –then with 1.3525 in mind as the next nearby target.
Read the full report: Technical Alert
SEB