EUR/USD hits a session low as it makes another run at 1.1200

Technical Analysis

EUR/USD falls to the worst levels of the day

I don’t like this chart at all. It looks like a head-and-shoulders within a head-and-shoulders:

EUR/USD falls to the worst levels of the day
For some reasons, spec longs are also at a two-year high. I tend to brush that aside as some kind of reporting skew but if it’s the reality then it’s another reason to be negative.

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