By Christopher Romano — Apr 21 - 12:30 PM
EUR/USD pierced the 21-DMA, 38.2% Fib 1.1185-1.0758 & hit a 8-session high
1.0936 traded on EBS but sellers emerged and a sharp fall ensued
US rate EDM3US2YT=RR hit fresh highs to help rally US$ & sink EUR/USD
EUR/USD turns negative & bearish signals emerge on daily charts
Daily RSI diverged on the high, daily inverted hammer candle formed
1.0815/30 support zone probed, if breaks April 14 low is back in focus
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Source:
Refinitiv IFR Research/Market Commentary