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Aug 29 - 03:48 AM
EUR/USD - FX Traders Look To Fade 10DMA Through Tues High
First appeared on eFXplus on Aug 29 - 02:25 AM
  • Three-day bear run to 1.1073 and price flips bear side of the 1.1093 10DMA
  • Small bid early Thurs but likely limited to 1.1110-20 if 10DMA gives out
  • Daily stochastic holds a downward path and 14-day momentum confirming fall
  • Bigger picture has trend res. line off the June 25 1.1412, today at 1.1167
  • While intact, fading any corrective action favoured
  • For today, 1.1073 and 1.1093 initial trigger points

EUR/USD Trader

Daily Candle Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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