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Aug 27 - 03:55 AM

EUR/USD - Putting Up A Fight But Still Bloodied

By Peter Stoneham  —  Aug 27 - 02:40 AM
  • Price attempting to carve out a recovery but likely offered to 1.1900

  • Long lower shadow on Wed candle bullish: daily momentum flips to positive

  • However, while below 1.1883 Aug 21 high risk remains skewed to the downside

  • We are short from 1.1815 for 1.1655 with a stop at 1.1890

  • Weekly shows door firmly shut at 1.1966 and monthly has a long upper shadow

  • Short-term market becoming more balanced but EUR has its work cut out







EUR/USD Trader

EUR/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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