Seeking a cable short. Scandies close to a low point

EUR/USD: The market yesterday, for a short while, rose from its comfort zone to print the sought 1.3209+ high before again returning into the doldrums. The move has fulfilled the minimum criteria for a completed upside reaction but as long as not returning below 1.2992 (or at least 1.3066) a downside turn cannot be confirmed. Should the market choose to continue north then possible turning points to be found at 1.3257 and/or 1.3275.

Read the full report: Technical Alert

 

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