Euro Gap Down Confirmed In Premarket Trade

Tyler Durden writes, Euro Gap Down Confirmed In Premarket Trade. The Euro, FXE, is trading down 1.4% from Friday’s close.

ActionForex in chart article EUR/USD relates that the Euro has turned into brief recovery last week but such recovery was likely finished at 1.3689 already. Initial bias is mildly on the downside this week for 1.3362 first. Break will confirm resumption of recent decline and should target   161.8% projection of 1.4939 to 1.3969 from 1.4548 at 1.2979, which is close to 1.3 psychological level.

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