A peaking €? NOKSEK liked lower. Bond bullish signs

EUR/USD: The top building process continued also Friday with a lower high printed. However as we still 1) remain on top of the flag ceiling and 2) until breaking below 1.3295 is in a contracting range, a possible bull triangle we cannot yet confirm that a top is in place. Daily stochastic however made a bearish crossover in overbought territory adding to the turnaround case.

Read the full report: Technical Alert

 

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