By Peter Stoneham — Aug 08 - 03:35 AM
The daily chart is mixed with long upper and lower candle shadows
Daily RSI is rising but near overbought readings
Fourteen day momentum just showing positive values
A deeper pullback from the 1.1009 August 5 high needed
We offer by 1.0960 for a return to levels around 1.0800
An August 12 1.0748-82 cloud twist in the bearish mix
Ichimoku clouds can have a magnetic effect on price
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Source:
Refinitiv IFR Research/Market Commentary