Euro rally fizzles a...from Fellin

Euro rally fizzles above 1.14 figure, prices drop back to trend support Dominant near-term uptrend from May bottom remains intact for now Bearish conviction probably needs a break of support near 1.11 mark

Edited 04 Jul 2019, 16:19

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The New Zealand Dollar put in a Bearish Engulfing candlestick pattern on a retest of support-turned-resistance in the 0.6699-0.6727 area, hinting that the upswing of mid-June lows may have topped. Initial support line in the 0.6653-73 zone, with a break below that on a daily closing basis opening the door for another challenge of the 0.6575-91 region.

Fellin