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- EURUSD failed yesterday near the 2nd square root relationship of the year’s low at 1.2580
- Our near-term trend bias is negative in the exchange rate while below 1.2580
- A close under 1.2440 is now needed to confirm a resumption of the broader decline
- Yesterday was a minor turn window
- A close over 1.2580 would turn us positive on EURUSD
EUR/USD Strategy: Like the shot side while below 1.2580.
| Instrument | Support 2 | Support 1 | Spot | Resistance 1 | Resistance 2 |
|---|---|---|---|---|---|
| EUR/USD | 1.2355 | 1.2440 | 1.2510 | 1.2535 | 1.2580 |
