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EUR/USD Daily Technical Reports

Spot Price: 1.3712
Technical Analysis:
Short taken with the break below the o/n low at 1.3725, which is also a 21.4% retracement of the 1.3265 to 1.3855 uptrend and the MLR"s 1% env base. O/s hourlies a near-term concern, but dailies are virtually all in new sells from overbought starting levels, which is an ideal setup. the market target is 1.3603, the 38.2% of 1.3265/1.3855. Cover another 1.3695 bounce

The market strategy is: Sell at 1.3700 target 1.3615














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