Seb Eur/usd Outlook

A choppy intraday session, squeezed between the $1.3581 support and the $1.3625/45 resistance end almost unchanged.

The latest move was however an impulsive drop from $1.3650 to $1.3583 indicating that the upside correction actually ended around the $1.3645 resistance.

For today more meandering around the trend line (currently at $1.3615) likely but unless passing $1.3650 the strategy should be to sell up tics awaiting breaks of $1.3580 and $1.3548.

The material has been provided by InstaForex Company – www.instaforex.com

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