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Oct 19 - 02:55 AM

EUR/USD - Bulls Gaining Traction, Key Level Reclaimed

By Peter Stoneham  —  Oct 19 - 01:47 AM
  • Doji consolidation gives way to fresh gains and a stop busting 1.1655 high

  • Our short trade stopped: might consider buying a dip as bulls gain traction

  • Minimum correction off the 1.1909-1.1522 drop met at 1.1613, 1.1670 next lvl

  • 14-day momentum has flipped to positive and RSI confirming gains

  • Mon 1.1572 low and 10DMA at 1.1582 support

  • Price back above 200WMA adding to the bull break

    For more click on FXBUZ








EUR/USD Trader

EUR/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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