By Peter Stoneham — Apr 12 - 02:30 AM
Friday's hammer candle confirmed Monday but bear pressure quickly resumed
Our 1.0895 short marginally on-side: will lower the stop on a 1.0837 break
Friday's low is at 1.0837: year's 1.0806 low point the target below
10DMA now leaning on price, currently 1.0955, Monday high at that point too
14-day bull momentum beginning to fade and RSI pointing down
Slower daily averages remain bearishly aligned: 50, 100 and 200DMAs
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EUR/USD Trader
EUR/USD daily candle chart: Click here
Source:
Refinitiv IFR Research/Market Commentary