EURUSD: The correction attempt faded faster than expected asalready the 1.3289/98 resistance became a too big obstacleto overcome. Today’s gap (1.3240-1.3220) lower initiatedfurther selling pushing prices as low as 1.3185 beforerebounding. There are two things to take into account thismorning, firstly the equality point, 1.3209, has now beenmet (the eq. point is the watershed between the declinebeing a corrective or trending move lower) and secondly agap like today’s normally get filled within shortly so look forat least a 1.3240 bounce.
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