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Mar 25 - 04:55 AM

EUR/USD - At Risk Of A Slump Under The Daily Cloud Base

By Martin Miller  —  Mar 25 - 04:00 AM
  • EUR/USD continues to trade within the thick daily cloud

  • The daily cloud currently spans the 1.0791-1.0917 region

  • 14-day momentum turned negative on Friday, highlighting a negative shift

  • The risk is growing for a bigger drop to retest the daily cloud base

  • A break below which will lead to a bigger slump to test Feb 1.0695 (EBS) low

  • EUR/USD Trader TGM2334. Previous update nL2N3G00K8

Source:
Refinitiv IFR Research/Market Commentary

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