Resistance: 1.3370 minor / 1.3406(15) moderate / 1.3457 minor
Support: 1.3342 minor / 1.3300(06) moderate / 1.3278 moderate
After the knee-jerk sell-off in EURUSD following better than expected job numbers in the US we have Euro closing the day strongly as market turned around with later output figures from the US disappointing and markets concerned that tapering off could lead to poorer US economic outlook. Among indicators we have mixed signals with daily stochastic heading up while macd is bearish. In 4H charts we have stochastic in overbought areas while macd has just crossed the zero mark. Hourly charts for their part are mixed as markets went sideways at the highs following the midday turnaround in the US. going forward we will be keeping a close eye on Asian equities given the US sell-off should weakness reach the European focus ought to be on getting a bear market. Consider shorts then at the break of 1.3342 the congestion floor in afternoon trade for New York.
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