Falling commodity ccy’s. USD/Scandies bid.

EUR/USD: The market yesterday with a slim margin closed below the55d ma band hence posting yet another bearish message. There is however still some support (Ichimoku cloud) left inthe area so there’s possible another minor upside reactionlurking (1.3650ish?) before the break lower comes. Once themarket finds staying power below the 1.3550/70 supportzone 1.32/33-area will be up for grabs.

Read the full report: Technical Alert

 

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