Looking at EUR/USD hourly chart, JP Morgan sees an intact down-rotation which is still lacking clear breaks to confirm an established bear trend. “The big picture doesn’t provide confirmation for a game change on broader scale yet as daily Ichimoku-support for the lagging line (at 1.3646 today)…
Here is the original:
EUR/USD: Make Or Break At 1.3819/21; Cable: Breakout – JP Morgan