"...On the charts, the tumble on funds over the past two days weakens the uptrend in the market and while the market has recovered from the overnight push below 1.11, price action was weak enough on the charts (forming a bearish engulfing signal on the daily candle) to raise the risk of a deeper correction from here; at the very least, we have to reckon with strong resistance in the 1.12 in the near-term but corrective pressure on funds might mean a push back to 1.0925/75 in the next couple of…See More
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