US Dollar at Potential Inflection Point vs EUR, GBP
I made a lot of noise about the fact that the Euro SSI recently flipped to net-long for the first time since January, and indeed I think it may still be a major event. Yet SSI more recently flipped back to net-short, and it's unclear what will happen in the very short term. Through my live coverage I took a EURUSD short position from 1.45 with a stop above 1.4640, but the pair's failure to break below key Fibonacci support at 1.4450 gives me pause. We're at a potential inflection point, and it will be key to watch what happens through the end-of-week close.
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