EUR/USD: Price action strongly argues for extension towards the May low of 1.2796.All short-term “Ichimoku tools” are in bearish positions now and yesterday’s mid-body point (1.2965) may well be enough to keep the >1.30s away from action. The last major distraction comes with U.S. NFP & unemployment today and any major surprise may become a bit dicey in the presumably holiday thinned North American session.
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