EURUSD: The unexpected (or rather premature given our long term target in the 1.07/11 area) break lower from the falling channel/wedge triggered a new round of impulsive selling, down into the 2012/2010 low area. So currently being in the key support zone (next key support if passed = 1.1640), outside both the 55 & 233d Bollinger bands and with a still persisting MACD divergence it wouldn’t be surprising to at least see a few days of congestion.
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