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Sep 09 - 03:55 AM

EUR/USD - Corrective Risk To Key Cloud Base Level Thursday

By Peter Stoneham  —  Sep 09 - 02:25 AM
  • Euro's fall halted by the 50DMA at 1.1802 Wed but closed below its cloud

  • The average currently 1.1802 and cloud base at 1.1833

  • We remain short for 1.1730 and have lowered the stop to lock in profit

  • Corrective gains the risk today unless the 50DMA gives out

  • Big downside level at 1.1787, 50% Fibo off the 1.1664-1.1909 climb

  • Momentum readings still positive but RSI flat and neutral

  • Weeklies bearish but has not cancelled out last week's 1.1783-1.1909 rise

    For more click on FXBUZ







EUR/USD Trader

EUR/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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