EUR/USD: Choppy Range Trap; USD/JPY: Another Bear Flag

EUR/USD choppy range trapped both bulls and bears and likely lightened positions and this is supportive of a move back to the 1.3550 area as part of a new wave-(3) decline, notes Nomura. “S/t, another break of the 1.3629 lows can lead to a sharp decline right back to the old key pivot at 1.3580…

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EUR/USD: Choppy Range Trap; USD/JPY: Another Bear Flag – Nomura

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