More JPY strength. NOK/SEK liked lower.

EUR/USD: Yesterday’s downside attempt never made it to the confirmation point, 1.3233, before renewed buying pushed the pair up to a marginally (2pts) new correction high. To maintain an immediate bearish wave count it is important that the market turns down before 1.3418. The overbought and currently diverging stochastic will also underpin attempts to end the current correction.

Read the full report: Technical Alert



Powered by WPeMatico

This entry was posted in Forex. Bookmark the permalink.

Comments are closed.