By Peter Stoneham — Apr 17 - 03:50 AM
Loss consolidation with a degree of upside risk
This week's doji candles suggest bears are lacking conviction
Indecision in the low 1.06s could trigger a larger adjustment higher
Daily RSI is bumping along the 30 line and negative momentum is fading
A minimum correction of the 1.0885-1.0602 drop is at 1.0669
A return to the Tues 1.0654 high could also ease the over sold pressure
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Source:
Refinitiv IFR Research/Market Commentary