By Peter Stoneham — Sep 14 - 09:40 AM
Failure above both daily cloud and 100-day moving average Wed
A key day reversal signal given: Long upper shadows highlight demand fade
Higher high, lower low and close below the previous low
Bearish confirmation Thurs to complete the signal
Fourteen day momentum remains positive but just off the zero line
We lean bearish and offer just ahead of the session 0.8620 high
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Source:
Refinitiv IFR Research/Market Commentary