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Jul 26 - 05:00 AM
EUR/USD - Tech Outlook Still Bearish After Wild Ride On Thursday
First appeared on eFXplus on Jul 26 - 02:40 AM
  • Price action Thurs signals indecision: Wide range with a close near open
  • Underlying bearish structure remains, however, overall risk on the downside
  • Therefore scope is for eventual losses through May 18 2017 1.1075 low
  • Negative alignment of the tenkan and kijun lines adds to the bearish bias
  • We remain short at 1.1150 in anticipation for a bearish resumption to 1.1020

EUR/USD Trader:

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Source:
Refinitiv IFR Research/Market Commentary

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