Modestly higher levels in early trading yesterday yielded our first upside target. But this demand proved limited and temporary. Sentiment turned sharply with the bulk of the day attracting steady selling pressure. The resulting decline took EURUSD back to the 13 day mvg avg but although that held, it is the creation of a Bearish Outside Day pattern that places the technical focus on the downside.
we look to Sell in 1.1385/90 area and any 1.1411 rally
Stop is 1.1452 bid
Targets - 1.1358, 1.1330 or even 1.1306
Closing 4pm London time