After found support in the 1.1480 area, EUR / USD failed to recover above the 1.1530 threshold. This has revived the decline, and we are back to the 1.1450 area. Note the quick wick to 1.1515 which is due to a break and downward acceleration of USD / JPY.
However, EUR / USD has quickly corrected downward. This shows that the pair will have trouble bouncing in the very short term.
The risks therefore seem more downward, and this should remain the case as we move below 1.1530.


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