Yesterday’s “Inside Day” left the prevailing down-bias untouched in EUR/USD, says JP Morgan. “To really start weakening it, it would take breaks above 1.3474 and above 1.3503 (minor 38.2 %/pivot),” JPM argues. “That said and provided 1.3503 is not taken out, the focus remains on former low…
Originally posted here:
EUR/USD: Inside Day; Cable: Watch For 2 Hourly Closes Above 1.6840 – JP Morgan