EUR/USD
After trying for three days to crack the 1.3000 big figure, the EUR/USD formed a bearish engulfing bar Tuesday which is its first sound rejection off the key level. Monday’s inside bar failed to produce a break higher, and short-term the sellers are now in control. Intraday support now resides at 1.2888 where short-term bulls can look for possible price action triggers. Bears can look for intraday corrective pullbacks towards 1.3000 for potential shorts.
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