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Apr 17 - 05:55 AM

EUR/USD - Minimum Correction Risk As Market Consolidates

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

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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