EURUSD: The short term 8day ‘Tenkan-Sen’ and the weekly mid-body point just above 1.29 attracted responsive sellers yesterday, keeping even the more sensitive short-term bearish trend-following in negative gear. The market needs a clean break through 1.2901/04 to abandon it near-term, while below 1.2816 would keep trend-following shorts in. Current intraday stretches are located at 1.2810 & 1.2900.
Read the full report: Technical Alert