By Peter Stoneham — May 16 - 02:00 AM
Back to back bear closes and a bearish MA cross over
The 10DMA now clear below the 200DMA, 0.8720 and 0.8741
We are short from 0.8717 for 0.8565 with an 0.8775 stop
May 11 range provides key levels at 0.8662 and 0.8735
Strong bearish bias for 14-day momentum but bullish divergence on RSI
Dailies have potential for a bearish continuation pattern
On balance, for Tuesday, risk of corrective action to the 10DMA
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary