Markets just made a fine mess of – almost everything… USD AND S&P500 simultaneously weaker?

EUR/USD: Europe went home at ~1.3250 and comes back to market a full big fig higher… Don’t see what this might bring, but fact is that the pair didn’t like it much under 1.3233 as it was bounced sharply up from medium-term dynamic support at the high end of the weekly Fibo-adjusted “Ichimoku cloud”. If breaking 1.3418 in the process a bearish medium-term wave count becomes too messy and the outlook must accordingly be shifted into neutral.

Read the full report: Technical Alert



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