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Aug 26 - 03:48 AM
EUR/USD - Bullish Indecision Creeping In Despite Powell Effect
First appeared on eFXplus on Aug 26 - 02:30 AM
  • Powell effect alters daily picture but not enough to negate underlying trend
  • Weekly bias still bearish but could enter a consolidation phase this week
  • 30WMA lower Bolli (1.1077) still causing a problem for bears
  • The Bolli holding price on a closing basis since early May
  • Bear momentum: stochs rising but mkt indecision already creeping into price
  • Pivotal game changing level is at 1.1249, Aug 6 high, bearish while below

EUR/USD Trader

EUR/USD Daily Candle Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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