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Apr 12 - 02:55 AM

EUR/USD - Year's Low The Target As Bear Pressure Resumes

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

    For more click on FXBUZ


EUR/USD Trader

EUR/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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