EUR retreating, USD & JPY advancing.

EUR/USD: The new Friday low didn’t become minor at all as the marketcontinued to trade in a very heavy way. The past days priceaction also made January end with a monthly bearishengulfing candle (remember that historically January has atendency of being a down month). Short term the minorconsolidation since Friday afternoon is seen soon breakingdown to a fresh low in the 1.3440/50-area.

Read the full report: Technical Alert

 

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