€uro a tad softer. SEK sellers seen returning

EUR/USD: After an initial move higher the market fell back and did soin a rather impulsive manner ending the day with a bearishkey day reversal. However as the signal comes within a welldefinedrange it is of slightly less importance and as we seeit we actually need a sustained break of 1.3720 to startpenciling in a more lasting peak (a possible solution wouldbe the creation of a triangle (drop to 1.3720 and then higheragain) followed by a final peak).

Read the full report: Technical Alert

 

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