By Peter Stoneham — May 22 - 01:35 AM
Sideways price action frustrating our 0.8717 short play
Target 0.8565 with a 0.8735 stop: parameters revised on a 0.8700+ close
Bear move just contained by the 10DMA, 0.8693
Series of daily lows in the 0.8660-70 area the initial support
Break below 0.8662, May 11 and 2023 low sees stop lowered to entry
Note, 21DMA poised to cross below 200DMA, bearish signal
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary