By Peter Stoneham — Apr 11 - 05:55 AM
Signs that the bear run from March 23 1.3299 is beginning to stall
Long lower candle shadows hint at supply fade
However, while below 1.3089, 10DMA, the risk remains skewed bearside
March close under 1.3166, Fibo off 1.1413-1.4250, a strong bear signal
Negative monthly momentum adds to the downside bias
Fading a corrective rebound a strategy: we will monitor
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Source:
Refinitiv IFR Research/Market Commentary