Likely a new attempt to put some pressure on the €.

EUR/USD: Also a second attempt above the 1.3803 equality point wasrejected. Friday also ended with a doji candle showing thatwe reached balance between buyers and sellers. Togetherwith the market still being outside the 55d Bollinger bandshelps adding to a case of returning into the band (and bydoing so triggering the first sell signal for at least a shortterm reaction.

Read the full report: Technical Alert

 

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