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Sep 22 - 03:55 AM

EUR/USD's Large Collapse Reinforces The Bearish Tech Outlook

By Martin Miller  —  Sep 22 - 02:25 AM
  • EUR/USD, on Wednesday, saw the second biggest daily drop of September

  • Highlighting the overall bearish market structure

  • Fourteen-day momentum remains negative, reinforcing the negative outlook

  • Offer at 0.9970, which is well ahead of the converged tenkan and kijun lines

  • The tenkan and kijun lines currently offer supply at the 1.0003 level

  • EUR/USD Trader TGM2334. Previous update nL1N30S0BX

Source:
Refinitiv IFR Research/Market Commentary

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