Eur/Usd
Euros have come lower to 1.1015 target which currently is holding the downside...extreme oversold con- ditions are evident and this may well be enough to see a bounce later in the session with 1.1098 looking to entice...
Initially cover longs to here...Only re-instate further longs above 1.1115 for another leg higher to 1.1160/70...
Now if we fail to hold over 1.1015 as stated yesterday there is little to hold us until we reach 1.0955...Here is where we look to cover all short positions...given the oversold state of the med term charts we would look for this support to hold..and to provoke a move higher.
Failure to hold 1.0955 keeps the pressure to the downside leaving 1.0917 then as a short term objec- tive...
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