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Mar 05 - 01:55 PM

EUR/USD - Rally Sellers Likely To Become More Aggressive

By Christopher Romano  —  Mar 05 - 12:36 PM
  • Bear signals increase; 5-month low hit, RSIs imply bear momentum intact

  • 10-DMA crosses below the 21-DMA & key support near 1.1950 is broken

  • 61.8% Fib 1.1602-1.2349, Nov 25 low stem the slide but look vulnerable

  • Rally sellers likely lowering offers before that break takes hold

  • Old supports near 1.1950/55, 1.1990/95 might attract rally sellers

  • Break below 1.1885/90 support targets 200-DMA, 76.4% Fib 1.1602-1.2349

  • For more click on FXBUZ





eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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