Technical indicators suggest that the overall trend for the following session should be northwards. However, given that technical indicators are located in the overbought territory, a correction south is still expected to follow.
The northern side that should function as a session high is the 136.40 area where the weekly R2 and the monthly R1 are located. In terms of downside potential, the Euro could be halted by the 55– and 100-hour SMAs circa 135.20.
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