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Sep 02 - 08:36 AM
EUR/USD - Risk Of A Gap Sharply Lower As 1.10 Is Left Behind
First appeared on eFXplus on Sep 02 - 06:20 AM
  • A new trend low at 1.0958 and support points now thinning out
  • We offer by 1.1035 but danger now that price gaps lower under 1.0900
  • Have to go back to 2017 for support as price steps swiftly away from 1.10
  • Five straight bear sessions and an acceleration Friday a warning to bears
  • Might need a shake out to keep trend healthy but no indication of a bounce
  • Under 1.0923 May 2017 low and we lower our offer

EUR/USD Trader

EUR/USD Daily Candle Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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