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Nov 21 - 03:48 AM
EUR/USD - Wednesday Hammer Blow Cushioned By Cloud Twist
First appeared on eFXplus on Nov 21 - 02:05 AM
  • Wed hammer candle blow being cushioned by a Nov 27 1.1054-57 cloud twist

  • Hammer usually at base of a bear run: but also confirms demand within trend

  • Price currently struggling to close above 21DMA at 1.1077

  • 21DMA backed up by 100DMA at 1.1088 and 61.85 Fibo level at 1.1104

  • Key support and pivotal trend point 1.1043, 55DMA: bulls hurt on cls below

  • We are long at market for 1.1195 with a 1.0995 stop







EUR/USD Trader

EUR/USD Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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