EUR/USD rebounded a bit but still appears set to test support at 1.3697: "Technicians say the EUR/USD reversed lower at 1.3791 technical resistance and has been in ST correction mode ever since. More downside to at least the first Fibonacci support at 1.3697 is expected, but the pullback could take the EUR/USD down to 1.3667 (more Fibonacci support). Once the correction runs its course, technicians expect EUR/USD to continue on up to the next resistance at 1.3803 – the 10/25 close."
'via Blog this'
