EUR/USD Aims Through 1.3105 Target For 1.3020/00 Area
Steve Miley | Sep 04, 2014 03:40AM ET
EURUSD bear trend intact
Despite a minor bounce effort through midweek, modest resistance is intact at 1.3160 ahead of a better barrier at 1.3197 to maintain bear pressures.
We still see early September risk to the 1.3105 swing low from September 2013.
Overshoot threat for early September is lower, for the 78.6% retrace of the 2013-14 rally at 1.3020 and 1.3000.
WHAT CHANGES THIS?
Above 1.3221 eases bear risks; through 1.3298 signals a neutral tone, only shifting positive above 1.3445.
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