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Apr 13 - 03:55 AM

EUR/USD - Corrective Risk But Clear Below Squeeze Points

By Peter Stoneham  —  Apr 13 - 02:10 AM
  • Our short now performing as price eyes the 1.0806 2022 low

  • A drop under 1.0800 will see our stop lowered to entry

  • The 10DMA stands over the market, today at 1.0919

  • After nine consecutive bear closes there is corrective risk

  • 14-day momentum remains negative but RSI is climbing

  • April 11 high, 1.0950, and 10DMA likely squeeze points

    For more click on FXBUZ


EUR/USD Trader

EUR/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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