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Thomson Reuters
Feb 08 - 05:00 AM
EUR/USD - Major Support Close By, Could Blunt The Bear Run
First appeared on eFXplus on Feb 08 - 03:15 AM
  • Stall in decline ahead of key supp could argue case for counter-bias long
  • However, daily cloud base resistance close by at 1.1358 could limit gains
  • Jan 24 1.1289 low the pivotal support, below opens up low 1.12s
  • Daily stochs are turning away from o/s but momentum remains negative
  • Weeklies sat on the 200WMA, 1.1333, but average is flat lining
  • We will await stronger reversal signals.

EUR/USD Trader:

EUR/USD Daily Ichimoku Chart: Click here

Source:
Thomson Reuters IFR Markets

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