Sell AUD – buy JPY. NOK/SEK liked higher.

EUR/USD: The corrective bounce from yesterday’s low point isexpected to turn down from the 1.3620/30-area and shouldaccordingly be sold with a stop above 1.3655. A first handtarget for the next move lower will be the Feb 07 low pointat 1.3552 (even though lower levels certainly shouldn’t beruled out at this stage).

Read the full report: Technical Alert

 

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