EUR/USD Classical Technical Report 08.04
EUR/USD: The market continues to adhere to a bearish sequence of lower tops since May, with a fresh lower top now likely in place by 1.4535 ahead of the next downside extension back towards and eventually below 1.4000. In the interim, look for any intraday rallies to be well capped ahead of 1.4450, while back under 1.4140 should accelerate declines. Ultimately, only above 1.4535 would negate outlook and give reason for pause.
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