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Nov 03 - 01:55 PM

EUR/USD - Rally Sellers Remain Aggressive

By Christopher Romano  —  Nov 03 - 12:10 PM
  • EUR/USD rallied above the daily cloud base & 21-DMA then reversed

  • Sellers emerged as US$ buying & higher U rates EDH3 drove risk-off

  • EUR/USD broke the trend line off the Sept. 28 low, hit a 9-session low

  • Daily & monthly RSIs are falling, implies downside momentum is in place

  • Key short-term support sits near 0.9700, break likely triggers stops

  • Shorts then target supports near 0.9630 then September's monthly low

  • For more click on FXBUZ



Source:
Refinitiv IFR Research/Market Commentary

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