Sell €/$. Buy USD/NOK. Stronger yen in the pipe.

EUR/USD: Yesterday’s up-thrust peak (false break above a well definedtop resistance) outside the Bollinger bands has created anequally high probability bearish setup late Dec. We thereforesee the market in the very early stages of a decline thatprobably will bring us at least back to the 55d ma band.

Read the full report: Technical Alert

 

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