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Aug 11 - 04:55 AM

EUR/USD - Upside Risk Despite Sharp Thursday Pullback

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

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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