EUR/USD failed on three attempts to take out the 1.3700 level and has now more or less reached the measured move objective of the triple to on its slide to 1.3573 earlier in the session (1.3568 is the exact target but, heh, close enough…
Technically, it looks like we have put in a near-term top and it is time for a retracement/consolidation. If long, use rallies toward liquidate.
Asian central bank bids are rumored in the 1.3550/70 area and if they give way, the rush for the exits will accelerate.
