Behaving rather in bearish manner, EURUSD decreased during yesterday’s session 130 pips. Main pair opened current session with subtle 26 pips drop down, and is at the moment in rather short-term upward correction. Stochastic technical indicators are quickly moving into its overbought areas thus confirming interim outlook of current correction. Supports that breach may confirm bearish scenario are 1.3206 and 1.3192 levels and green thick trend line visible on chart below. In the scenario of ongoing upward correction we would recommend to stay aside and look forward for more technical insights.
Supports: 1.3206 and 1.3192
Trend: downward
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