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Sep 10 - 02:55 AM

EUR/USD - Risk Of A Bigger Retrace But Lacks Momentum

By Peter Stoneham  —  Sep 10 - 02:00 AM
  • Bears thwarted by 50DMA for the second session running, today at 1.1801

  • Modest rebound to 1.1834 (EBS pricing) but market lacks momentum

  • Minor 50% Fibo off the 1.1909-1.1802 drop is at 1.1856

  • Will take a close back inside the cloud to squeeze the market higher

  • Ichimoku cloud parameters at 1.1831 and 1.2032

  • Weekly chart: bearish while below 1.1909 Sept 3 high

  • We remain short from 1.1875, profit locked to 1.1850 for 1.1730

    For more click on FXBUZ









EUR/USD Trader

EUR/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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