EUR/USD: After a minor bounce the pair continued its descent. Thedownside exit from the rising wedge has set 1.3295 as aviable first hand target for the decline. Furthermore the 55dma band was passed and the close below 1.3771 created abearish key week reversal candle. So all in all the price actionThu-Fri strongly suggests that a medium term peak now is inplace. Reactions to the 1.3800-area are expected to attractrenewed selling.
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