By Peter Stoneham — May 25 - 01:30 AM
EUR/USD pierced the daily cloud base then turned lower Wed
The drop leading into a 1.0733 2-month low Thurs
A daily inverted hammer candle formed, bearish
Daily and monthly RSIs are falling and imply downside momentum remains
Fourteen day momentum increasingly negative too
We are short from 1.0810 for 1.0660
The stop is lowered to 1.0835 for improved risk/reward
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary