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Apr 19 - 05:55 AM

EUR/USD - Turns Positive On The Day Following Sharp Slide

By Peter Stoneham  —  Apr 19 - 03:35 AM
  • EUR/USD rallied to a 4-session high Thurs then turned lower

  • Daily RSI diverged on the high and a daily inverted hammer formed

  • Sharp drop to 1.0611 early Frid before recovering

  • The daily signals reinforce the bearish monthly tech signals

  • We offer by 1.0725: may have to lower as bull correction may fall short

  • Weekly action now pivoting the 100WMA, 1.0630

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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