DAILY SPOT EURPLN - Tuesday's call and technicals
Losses below the key daily averages as well as through 4.2925, a 62% pullback to the entire 2019 bounce are pointing weekly signals lower. Monday’s over 1 Big Fig losses have left intraday sentiment oversold and there is the potential for bounces. These should be temporary though and the outlook for Tuesday remains bearish and the call is to sell on the open and then at 4.2970, Monday’s Marabuzo line with a stop loss at 4.3090, the 8th Mar Marabuzo. Targets are to 4.2895, yesterday’s low, 4.2780, the 6 week base and 4.2590, this year’s low trade.
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