By Peter Stoneham — Aug 11 - 03:00 AM
EUR/USD rallied to a 10-session high Thurs but stalled near the 21-DMA
A slide towards the 10-DMA and a long upper wick formed on the daily candle
Price holds above 1.0968 Thurs low but indecision is creeping into the mkt
Daily momentum readings are negative but RSI is neutral
Weekly chart also highlight indecision with potential back to back dojis
Upside risk despite the pullback: signals are not clear, we stand aside
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Source:
Refinitiv IFR Research/Market Commentary