In line with this week's bearish call, early price action Monday saw EURUSD sold to the most negative point for 13 months. But the lows were not entirely maintained as some profit taking developed at oversold extremes. The rally was a weak one and a 3rd down day in a row was posted. Further rally attempts cannot be ruled out but sentiment is assessed as negative.
We look to Sell in 1.1405/10 area and at 1.1433
The stop is 1.1468 bid
Targets - 1.1365, 1.1334 or even 1.1312
Closing 4pm London time