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EUR/USD is trading quietly on Tuesday, as the pair trades in the mid-1.33 range in the European session. On the release front, there was more bad news out of the Eurozone, as Current Balance dropped sharply in July. In the US, we’ll get a look at key inflation indicators, with the release of Core CPI and CPI. As well, Building Permits and Housing Starts are also on today’s schedule. Here is …
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Sell EUR / Buy USD
EUR/USD remains on the downside for 1.3502 support. Break will extend the decline from 1.3620 and target 1.3524 key support level. Sustained break there will carry larger bearish implications. meanwhile, above 1.3532 minor resistance will delay the bearish case and turn bias to the upside to extend recent sideway consolidation.In the bigger picture, overall price actions from 1.3686 is viewed as a corrective pattern. The choppy rise from 1.3576 is seen as a leg inside the pattern. Bearish diverg…