By Peter Stoneham — Nov 08 - 03:35 AM
Monday's hammer candle has some confirmation: price closing above 200DMA
The 200DMA now providing support at 0.8691
However, the pattern still needs a EUR close above 0.8721, Oct. 3 high
Bearish divergence on daily momentum, still reflecting recent price drop
Daily RSI is also struggling to confirm the rebound from 0.8650
We lean bullish but will need stronger signals before trading
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Source:
Refinitiv IFR Research/Market Commentary