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Sep 07 - 05:55 AM

EUR/USD - Chart Points To A Market On The Brink

By Martin Miller  —  Sep 07 - 03:45 AM
  • EUR/USD bearish, expect a bigger drop to the October 28 2002 0.9729 low

  • Fourteen-day momentum remains negative, reinforcing the overall bear market

  • The negative alignment of tenkan, kijun lines adds to the downside pressure

  • We remain short at 0.9995 for 0.9725, our stop is at 0.9990

  • Our 0.9990 stop is above the tenkan line that is currently at 0.9977

  • EUR/USD Trader TGM2334. Previous update nL1N30D0BH

Source:
Refinitiv IFR Research/Market Commentary

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