By Peter Stoneham — Feb 01 - 02:50 AM
Positive bias but sideways action the risk while below 0.8849, Jan. 25 high
Bearish divergence on 14-day momentum a warning
Daily RSI also turning over despite a new recovery high at 0.8829
Price has broken above a daily trend resistance line at 0.8822
The danger and trigger level to the downside is at 0.8763, Jan. 30 low
We will wait for a breakout before putting on a trade
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Source:
Refinitiv IFR Research/Market Commentary