EUR/USD is trading towards base of drop triggered fed Fed/ECB policy

Bounces modest and one at 1.0787 met min objective to correct 2022 drop

Following sell-off just missed tech target for projected drop from 1.0787

Bounces in wake of Fed this week alleviated an oversold situation

Bounce reached 1.0579 min tech target to correct drop from Apr high

May 16 high at 1.0601 is well below May 30 1.0787 peak

The correction would flush weaker betting on a decline

Speculative positioning continues to weigh EUR/USD nL1N2Y40C4