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May 03 - 03:55 AM

EUR/USD - Tight On A Bear Pattern Trigger Point

By Peter Stoneham  —  May 03 - 01:50 AM
  • As with GBP/USD price is forming a potential bearish continuation pattern

  • Rising base line comes in tight to market at 1.0494 today, EBS pricing

  • Failure to break lower today could trigger a squeeze

  • Topside is guarded by the 10DMA at 1.0648 and a 23.6% Fibo at 1.0639

  • The Fibo a minimum correction off the 1.1185 to 1.0470 Mar-Apr drop

  • We offer by 1.0630, ahead of the resistance points.

    For more click on FXBUZ


EUR/USD Trader

EUR/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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