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Aug 22 - 03:48 AM
EUR/USD - Building For A Downside Break Below Key Level
First appeared on eFXplus on Aug 22 - 02:15 AM
  • Slowing of the bear run from Aug 13 1.1229 high in the high 1.10s
  • Forming a bearish continuation pattern, could do with a downside break soon
  • Still see potential for a drop under the 1.10 level after consolidation
  • We remain short from 1.1215 for 1.1050 objective and profit stop at 1.1120
  • 10DMA crosses below the 21DMA, bearish, and ichimoku bearishly aligned too
  • Daily momentum flips back to negative but slow stochs are on the rise
  • Loss consolidation likely Thursday, 1.1065 and 1.1114 the levels to watch

EUR/USD Trader

EUR/USD Daily Ichimoku Chart: Click here

Refinitiv IFR Research/Market Commentary


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