EUR/USD over 1.3418 changes outlook to neutral

EUR/USD: Yesterday’s rather decisive move through a medium-term key 1.3418 ref forces an earlier best fit wave structure from bearish to neutral/short-term bullish. The high end of the Fibo-adjusted medium-term “Ichimoku cloud” has already been proven supportive and now the market has to figure out where resistance lies. But first thing ought to be a recheck lower – then with yesterday’s mid-body point at 1.3375 in mind as the primary “checkpoint”.

Read the full report: Technical Alert



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