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EUR/USD Struggles Below 1.0600, Bearish Momentum Continues

12/12/2024

Less than a minute

2024.12.12 09:38

Note: PPI Positive Today!

Forex Strategy is Bearish: We are currently @ 159.99 after a double top. If we get the breakdown here, we are looking for a continuation to the ATR target @ 158.87 area and then to the S4 @ 158.38. We have convergence in play for the move. Watch the for direction. The average daily true range (ATR) for the pair currently is 170 pips and it’s 90-day average is 160 pips per day.

EURJPY – Bears taking over