The euro is an underdog still with prospects of “QE” action on the rise

EURUSD: Sellers retain the upper hand and it still looks like a sell once the intraday stretch is gone. Conditions would become near-term naturalized on a pullback towards 1.2100/10, and if getting this and some intraday hints of offers there shorts should look alright. Current intraday stretches are located at 1.2035 & 1.2160.

Read the full report: Technical Alert