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Oct 14 - 05:55 PM

EUR/USD - Sell-Zone Neared But Some Indecision Appears

By Christopher Romano  —  Oct 14 - 03:00 PM
  • Slide from Oct 9 high pierces 50% Fib of 1.16125-1.18315 but then reverses

  • Ensuing rally briefly lifts above the 10-DMA, another reversal occurs

  • EUR/USD trades back below the 21-DMA & a daily doji candle forms

  • Doji could be a sign of only a pause in the drop or that a rally is due

  • Long upper wick on the monthly candle implies bears have the advantage

  • For more click on FXBUZ








eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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