EUR/USD Classical Technical Report 10.14
EUR/USD: The break back above 1.3700 on Wednesday suggests that a more significant short-term base is in place by 1.3145 and from here we see risks for further consolidation before the broader downtrend resumes. Key short-term support now comes in by 1.3565 and a break back below will be required to alleviate immediate topside pressures. Rallies above 1.3900 should however be sold as the market looks to carve a fresh lower top on the daily chart.
--- Written by Joel Kruger, Technical Currency Strategist
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