By Peter Stoneham — Jul 31 - 01:35 AM
Friday rebound from 1.0944 9EBS pricing) a reprieve for our long play
Still at risk as the underlying bear bias looks set to resume
Fourteen day momentum is poised to flip to negative
Daily RSI neutral to bearish having fallen sharply from over bought levels
Topside squeeze points at Friday's 1.1047 high and 21DMA at 1.1058
Weekly action remains below the 200WMA but above the 10-week line
Weekly momentum also set to flip negative
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Source:
Refinitiv IFR Research/Market Commentary