EUR/USD: Another downside rejection (on failed fiscal impasse talks) wasadded yesterday. A 21day regression still points higher (notshown) as does the 21day high/low average. The 8day high/lowaverage on the other hand points lower. – So truly a messynear-term picture, impossible to draw any imminent directionalconclusions from. A whole collection of refs down through1.3430 must in fact be cleared to set the dollar on a firmerfooting. Over 1.3607 would be bullish in this timeframe.
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