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Sep 21 - 03:55 AM

EUR/USD - Chart Points To Potential Gains Above A Recent High

By Martin Miller  —  Sep 21 - 02:20 AM
  • Long lower shadow on Thursday's candle signals a downside rejection

  • That means the overall focus is on the recent Sept 10 1.1917 high

  • A break above 1.1917 would unmask the 1.2014 2020 peak

  • Tenkan line, that comes in at 1.1827, should continue to limit the downside

  • But a break and daily close under the tenkan line would weaken the market

  • EUR/USD Trader TGM2334. Previous update nL1N2GF06O

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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