€/$ congestion before lower. €stoxx50 double top?

EUR/USD: Despite the downturn and a fresh low a few points beneaththe 1.3550/70 support zone sellers were unable to followthrough. The behavior points to the need of some furthercongestion (1.3550 – 1.3657) before making the nextattempt to continue the move lower to the 1.32/33-area.

Read the full report: Technical Alert

 

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