Quotes from Societe Generale Cross Asset Research:
-EUR/USD is breaking below the multiyear upward channel median at 1.2470 and is likely to extend the downtrend towards 1.2330 and even 1.21/1.18.
-Daily indicator is diverging; however it will take a break above 1.2680/1.27 to signal possibility of a rebound. For the day, 1.2500/15 will be an immediate resistance.
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