By Peter Stoneham — May 25 - 04:00 AM
Price action gives little indication of what the next trending move will be
We squared our 0.8717 short for modest profits Wednesday
Now looking at the long side with a bid placed at 0.8675
Long upper and lower candle shadows highlight this week's false breaks
Big support now at 0.8649, a 76.4% Fibo and 2023 low
We lean bullish but see risk as fairly well balanced
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Source:
Refinitiv IFR Research/Market Commentary