EUR/USD Classical 07.15
EUR/USD: While we continue to retain a bearish outlook for the major, the latest price action leaves us sidelined. For now, we will need to see a break and close back below 1.2680 to get us thinking about establishing any fresh short positions. Until then, the focus remains on a test of the 100-Day SMA by 1.2920 over the coming sessions.
Written by Joel Kruger, Technical Currency Strategist for DailyFX.com
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