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Thomson Reuters
Oct 24 - 03:48 AM
EUR/USD - Risk Growing For Deeper Decline Through Key Support
First appeared on eFXplus on Oct 24 - 02:15 AM
  • Recent lows provide the key to deeper losses: risk to low 1.13s near-term
  • Price beginning to get bogged down in the mid-1.14s but break threat remains
  • Short from 1.1510 performing but need to see a decisive break under 1.1430
  • Stochs flat lining near o/s but negative momentum holding
  • Bear outlook while below daily cloud base at 1.1532 and 1.1550 Oct 22 high
  • Favouring loss consolidation today with a 1.1430-1.1530 range on the wide

EUR/USD Trader:

EUR/USD Daily Ichimoku Chart: Click here

Source:
Thomson Reuters IFR Markets

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