Sell cable. USD/SEK & USD/NOK soon higher again

EUR/USD: The bearish signs pointed at yesterday led to nothing more than a temporary setback to 1.3166 and did so in a clearly corrective three wave (60min graph) fashion, paving the way for yet another correctional high. Hourly divergences and an overbought daily chart still making us reluctant to this advance hence seeing the current area as a likely sell (with a stop above the June high).

Read the full report: Technical Alert



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