EURUSD: Trend-following tools remain deep in bearish gears, so sell into fading rallies remains a main theme. Conditions are severely stretched and buyers’ response (lower shadow within an otherwise bearish candle) at a descending parallel is possibly worth some attention. A weekly mid-body point and 8day ‘Tenkan-Sen’ provided resistance in the mid-1.27s should buyers show initiatives over 1.2664. Current intraday stretches are located at 1.2570 & 1.2695
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