EUR/USD: As long as holding above the 1.3440/1.3453 (mid body of the latest benchmark candle & the August peak) the current meandering will be labeled corrective. With yesterday’s setback the most likely congestion pattern will be a triangle, a pattern that would fit well with our view of only one more peak remaining before turning lower. Below 1.3440 the upside pressure will ease and below 1.3325 a reversal will be in place.
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