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Mar 02 - 01:55 PM

EUR/USD - Rally Sellers Should Get Their Chance To Act

By Christopher Romano  —  Mar 02 - 12:31 PM
  • EUR/USD breaks below 76.4% Fib of 1.1952-1.22435, hits 1.1992 (EBS)

  • Sharp bounce ensues though, daily cloud base neared, bull hammer forms

  • Daily RSI diverges, chance rally to extends is growing

  • Monthly RSI falling though & pair still below 10 & 21-DMAs

  • Bulls likely need break above 55-DMA, cloud top to take back control

  • Rally sellers likely lurk near 21- & 1-DMAs then near 1.2145/55

  • For more click on FXBUZ





eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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