The last EUR/USD update noted the break below 1.22, and the continuing bearish outlook toward 1.20, 1.19. 7/13 price action is saying "not so fast" as the 9AM EDT candle sprung from a new low for the week at 1.2158, back to 1.2240. The spike stalled a bit right after the Umich consumer sentiment survey for July, which came out at 72.00, missing forecast of 73.
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