EUR/USD: Friday’s attempt into the 1.3162-1.3205 support zone was rejected but the following bounce seems to have become very short lived. Accordingly we are expecting the support zone to be further scrutinized today. Breaking this support zone might take a few days but the underlying wave pattern is turning increasingly bearish. We also note that Aug. was the third consecutive month the market was rejected above the mid body point of Feb’s falling benchmark candle so Sept holds a relatively high probability ending lower.
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