EUR/USD Classical Technical Report 04.10
EUR/USD: The latest round of setbacks have stalled ahead of some key multi-week support by 1.3000 and from here there are risks for a shorter-term bounce back towards the 1.3200-1.3300 area before considering bearish resumption. Ultimately, any rallies towards 1.3300 should however be very well capped, while a break and close back under 1.3000 would accelerate declines.
--- Written by Joel Kruger, Technical Currency Strategist
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