EUR/USD Classical Technical Report 10.18
EUR/USD: Rallies have finally stalled out just over 1.3900 and ahead of 1.4000, with the market putting in a strong bearish reversal day on Monday. From here we see risks for the formation of a fresh lower top by 1.3915 ahead of the next major downside extension back towards and eventually below 1.3145. Look for a break and daily close below 1.3720 on Tuesday to confirm outlook and accelerate. Back above 1.3915 delays.
--- Written by Joel Kruger, Technical Currency Strategist
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