EURUSD: Bearishly into a fresh yearly low. The yearly low was crushed yesterday and pronouncedly so, with only the intraday stretch preventing a deeper fall into the next short-term objective at a short-term 161.8% Fibo projection ref at 1.3449. This move tilts the 3mt outlook into negative – something volatility traders take a note of too. Pushing the 1mt risk-reversal increasingly favoring puts over calls and the implied volatility higher. 1.3491/03 is a first-hand resistance while the current intraday stretches are located at 1.3425 & 1.352
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