By Peter Stoneham — Jan 30 - 02:40 AM
Friday's long upper candlestick shadow keeping the cross bear biased
Tight ranges frustrating clear direction
Daily momentum increasingly negative but RSI reflects tight price action
Weeklies bearish and target a 61.8% Fibo at 0.8681, off 0.8548-0.8897
Bearish on the month and capped by the monthly cloud, 0.8890
We lean bearish but await stronger signals
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Source:
Refinitiv IFR Research/Market Commentary