Strategy: Pending Short
EURUSD has put in a bullish Piercing Line candlestick formation above a rising trend line established from the swing bottom in early June, a boundary reinforced by a horizontal support level at 1.2715. Our overall bias remains bearish and we will look for a near-term upswing to yield a selling opportunity. Initial resistance lines up at 1.2958, with a break above that exposing the 1.30 figure.
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