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Sep 10 - 11:55 AM

EUR/USD - Puts 1.20+ Back On The Map

By Peter Stoneham  —  Sep 10 - 09:45 AM
  • Trailing stop means a cheap cut for our 1.1850 short play

  • Swift rally through converging average resistance: 14-day momentum flips

  • 30DMA upper Bolli next bull target at 1.1934

  • Big level now 1.2014, high from Sep 1, likely a target too far today

  • Recent bear run looks broken and another push above 1.20 can't be ruled out

  • Bullish while above 1.1753 Wednesday low





EUR/USD Trader

EUR/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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