Trend: Short-term up
Momentum: Stalled
This week’s range well defined at 1.1500-60 with limited stops unless either side is broken.
Midpoint at 1.1530 is pivotal in setting tone and what side is more at risk.
Immediate focus is on the US July jobs report with a focus on the reaction in the bond market as rising yields yesterday saw a test of the EURUSD downside (USD upside).
(AT 4 hour chart)
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