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Oct 17 - 02:55 AM

EUR/USD - Bullish Pointers But Weeklies Still Cloud Direction

By Peter Stoneham  —  Oct 17 - 01:50 AM
  • Failure Frid to hold brk of 0.9639 Fibo 0.9528-0.9999 (Sept-Oct) EBS rise

  • 76.4% Fibo might have been a bear trap as the market closed higher at 0.9723

  • Positive 14-day momentum increasing and RSI is lifting from neutral

  • Break above 21 and 30-day MAs, 0.9773-85, needed bolster potential reversal

  • Long upper and lower weekly candle shadows continue to cloud direction

  • Key levels 0.9528 and 0.9999: 10WMA is at 0.9872

    For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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