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Apr 19 - 05:55 AM

EUR/USD - Chart Points To An Eventual Collapse To The 2020 Low

By Martin Miller  —  Apr 19 - 03:50 AM
  • EUR/USD negative as the daily tenkan and kijun lines are negative aligned

  • Overall scope is for eventual losses to retest the 2020 1.0636 (EBS) low

  • Especially as fourteen-day momentum is increasingly negative

  • We remain short at 1.0895 in anticipation for an extended bearish cycle

  • Our target is at 1.0650, while our trailing stop is above a recent high

  • EUR/USD Trader TGM2334. Previous nL2N2W60CQ

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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