By Peter Stoneham — Feb 09 - 06:40 AM
A poor week for the cross; set for a fourth straight daily decline
Lows of 0.8861 and an eye on a key 50% Fibo
The 0.8851 retrace level is take off the 0.8723-0.8978 Jan. 20-Feb. 3 climb
Daily momentum is fading but remains positive
Close below the 10-day moving average, 0.8870, to strengthen the bear move
We lean bearish but are side lined for now
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Source:
Refinitiv IFR Research/Market Commentary