By Peter Stoneham — Feb 13 - 02:25 AM
Price below the 55DMA to record a new pullback low of 1.0656-EBS pricing
Daily negative momentum is increasing but bearish RSI stalling
Removal of the 1.0670 Feb. 7 low adds to bearish risk
Key support at 1.0612 daily cloud top and 1.0536 38.2% Fibo
The Fibo retracement taken off the 0.9730-1.1034 Nov. 3-Feb. 2 climb
Climb above 1.0791 Feb. 9 high negates near-term bearish risk
Price close below the 10WMA, 1.0712, and extended losses through the cloud
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Source:
Refinitiv IFR Research/Market Commentary