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Oct 20 - 02:55 AM

EUR/USD - Confluence Of Resistance Blocking The Path

By Peter Stoneham  —  Oct 20 - 01:53 AM
  • Long upper candle shadow Tues warned of demand fade

  • However, early Wednesday and bulls are running again

  • Our 1.1633 long just on-side for 1.1745, tight stop set below 1.1600

  • Fibo retrace hurdle at 1.1670, 38.2% 1.1909-1.1522

  • 30DMA at 1.1667 and Tues high at 1.1670

  • 14-day momentum holding a flip into positive territory

  • Key support and bear trigger at 1.1572 Oct 18 low

    For more click on FXBUZ









EUR/USD Trader

EUR/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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