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Feb 24 - 01:55 PM

EUR/USD - More Troubling Signs For EUR/USD Longs

By Christopher Romano  —  Feb 24 - 11:51 AM
  • Tuesday's doji is followed by a drop today, pair falls below the 55-DMA

  • 10-DMA gets pierced & daily RSI implies short-term momentum is bearish

  • The monthly long legged doji gives only a small bit of comfort to longs

  • 21-DMA, Feb 19 low are key supports, stops likely below 1.2080

  • Break of those supports suggests EUR/USD could return to 1.1950/55

  • Longs need break of daily cloud top, Jan 22 high to take back control

  • For more click on FXBUZ




eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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