EURUSD: A bearish candle as a continuation pattern was added yesterday. It also persistent dynamic resistance with the 8day “Tenkan-Sen” (blue line in the chart). This points below a recent & nearby low of 1.3586, at least temporarily. But there is notable dynamic support not far below in the weeklies, where a “Doji” type of candle also was added last week. So “down-before-up-and-and-later-down-again” seems like a possible scenario going forward.
Read the full report: Technical Alert
SEB
