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Feb 13 - 02:55 AM

EUR/USD - Eyes Key Support While Below Feb. 9 High

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

    for more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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