When Scalpers win, I lose and Vice varsa...
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EUR/USD: Bounce Or Bust? - Credit Suisse, JP Morgan
The technical FX strategy teams at Credit Suisse and JP Morgan provide their insights on EUR/USD technical setup and trading strategies in the near-term. Credit Suisse: A small base warns of a near-term bounce, but we stay bearish for 1.0521, then 1.0458. "EURUSD is showing some signs of near-term exhaustion, flagged by the RSI momentum divergence, which has failed to confirm the move to a new cycle low, and a minor intraday base has been completed above 1.0690. This leaves prices vulnerable to a near-term squeeze higher. However, any strength would be seen as corrective and we ideally look for the 1.0830 price high ... (full story)