By Peter Stoneham — Jul 04 - 04:55 AM
Long lower candle shadow Friday eased some of the over sold condition
Daily momentum has flipped to positive, first since June 8
Underlying trend bearish and up-ticks provide better entry into the trend
Long lower candle on weekly could be a concern but again seen corrective
Pivotal level topside 1.2322, 10 week moving average: all change above
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Source:
Refinitiv IFR Research/Market Commentary