By Peter Stoneham — Sep 13 - 04:50 AM
Breach of a thin daily cloud, 0.8603, and 100-day moving average at 0.8615
Gains prove hard to hold and a long upper candle shadow forming Wednesday
Fourteen day momentum readings positive but fading, not confirming rally
Close below the 100DMA could be significant
We see increasing downside risk but will wait for stronger signals
Previous spike high, 0.8600 from Sept. 7, key support
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Source:
Refinitiv IFR Research/Market Commentary