The dollar is coming out stronger again

EUR/USD: Yesterday’s candle is the most bearish daily print in almost a month. The short-term RSIs are showing loss of upside momentum and downside pressure increase. The 8day “Conversion line” was yesterday broken and focus comes with the Jul25 low of 1.3166 now. Local resistance is thought to build around yesterday’s mid-body point at 1.3255. NFP is the final data distraction this week to examine.

Read the full report: Technical Alert



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