By Martin Miller — Apr 25 - 02:35 AM
EUR/USD heads lower as the long upper shadow on Thur's candle weigh
That long upper shadow is a clear indication the upside has been rejected
Fourteen-day momentum remains negative, reinforcing the bearish market
There is scope for a drop under the 2020 1.0636 low eventually
We are looking to get short at 1.0850, ahead of Monday's 1.0852 (EBS) high
History suggests dollar bulls look beyond the Fed nL2N2WK0HD
EUR/USD Trader TGM2334. Previous nL2N2WK0CY
Daily Chart: Click here
Source:
Refinitiv IFR Research/Market Commentary