Quotes from Societe Generale Cross Asset Research:
-EUR/USD is approaching the lower limit of a multiyear triangle at 1.2230/1.22. Weekly indicator is showing a divergence however signs of stabilization are still missing in price. A definite break below 1.2230/1.22 will lead to extension in downtrend. For the day, the pair will drift lower towards 1.2140.
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