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
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Source:
Refinitiv IFR Research/Market Commentary