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Nov 10 - 05:55 PM

EUR/USD - Indecision Emerges After Dip Near The 55-DMA Bought

By Christopher Romano  —  Nov 10 - 03:40 PM
  • Drop from Nov. 9 daily high extends today and the 55-DMA gets pierced

  • Follow through below the 55-DMA is limited though as buyers emerges

  • Buying drive EUR/USD back near the daily cloud top & daily doji candle forms

  • Doji candle suggests investors are indecisive for the moment

  • Monthly RSI rises though, suggests bullish momentum still exists

  • If doji followed by a fall on Wed. a deeper correction is likely

  • Upside on Wed. suggests the recent rally is likely to resume

  • For more click on FXBUZ






eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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