By Peter Stoneham — Feb 23 - 05:05 AM
Sharp decline from 0.8928, Feb. 17 high, held by the daily cloud
Ichimoku cloud parameters are currently 0.8722 and 0.8778
The 100-day moving average sits just below the cloud at 0.8751
Daily momentum is diverging bearishly, reflecting the recent price drop
The 10-day moving average has crossed below the 21-day average: bearish
We maintain an offer at 0.8870 but will revise on a weak close
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Source:
Refinitiv IFR Research/Market Commentary