• Euro continues to suffer from the FED-ECB policy divergence and the uncertainty worldwide
• Level 1.0640 support clearly turned into resistance
• Bulls tried to penetrate the mentioned level yesterday, but failed to do so
• Bears appeared again at the resistance level where we saw over a 100 pips sell off
• The pair is exposed to further losses, with next target at 1.0340 and a break of that level exposes the Euro for parity
• Level 1.0640 support clearly turned into resistance
• Bulls tried to penetrate the mentioned level yesterday, but failed to do so
• Bears appeared again at the resistance level where we saw over a 100 pips sell off
• The pair is exposed to further losses, with next target at 1.0340 and a break of that level exposes the Euro for parity
Ramzi Abou Abdallah, CFTe, CMT
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