EURUSD: The pair initially continued up to 1.2791 before stalling andreversing the gains made. The setback (and there will beseveral of them given the underlying bearish view andpositioning) is however so far labelled corrective and willcontinue to be so until taking out 1.2583 which is the triggerpoint for a new trend low at 1.2210-ish. However for acorrection case to thrive we would like to see buyersstepping up to the plate ahead of 1.2627.
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