Friday’s euro rally was not extended yesterday. Instead the topside continues to be constricted by the 13 day moving average despite last week's Bullish Hammer pattern. Net losses were modest yesterday and all price action was caught within Friday’s parameters – price action that does not provide strong signals for sentiment.
Nonetheless the return of sellers gives sentiment a negative bias in the immediate term. Potential through 1.3352 is to last week's 1.3333 or even a more crucial 1.3295.