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Apr 21 - 01:55 PM

EUR/USD - Rally Sellers Retake Control

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

  • For more click on FXBUZ



eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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