Asian gains extended Friday’s improvement, modestly. But those highs were rejected in Europe with profit taking moving EURUSD back towards the key 13 day mvg avg. That point did not break but is being tested again in Asian trading. Until/unless that level is clearly breached then signals for sentiment cannot be strong but they are assessed as mildly bearish.
We look to Sell at 1.1685 and 1.1718.
The stop is 1.1751 bid.
Downside targets; 1.1659, 1.1627 and 1.1596
Closing 4pm London time