EUR/USD: After the mid body test (of the Mar 19 falling benchmarkcandle) and rejection the market has been mainly on thedefensive. Yesterday’s close, the second attempt back belowthe 2008 top line is increasing the downside pressure andtoday’s focus lies with the 1.3749 double low. A break isseen triggering more selling and subsequent decline into thelow end of the 55d ma band.
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