EURUSD: The markets seems to be in the process of correcting short-term stretch with a bullish candle setup possibly in the making. A session close above the average 5day high (to trigger additional but-stops) is however less likely given though strong resistance at 1.2605/14. Back below 1.2471 would cancel this and turn the near-term outlook bearish again. Current intraday stretches are located at 1.2440 & 1.2565
Read the full report: Technical Alert