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May 26 - 05:55 AM

EUR/USD - Indecision At Recovery Highs

By Peter Stoneham  —  May 26 - 04:20 AM
  • Potential topping pattern on dailies but also scope for a bull continuation

  • Bear close Wed but also a long lower candle shadow

  • Mixed signals could lead to further consolidation

  • We are maintaining a long from 1.0695 for 1.0890 with a 1.0625 stop

  • Key 50% Fibo at 1.0767, off 1.1185-1.0349-EBS pricing used

  • Wed 1.0642 low could be pivotal today with gain consolidation just above

  • Daily RSI neutral and 14-day momentum positive

    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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