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Apr 14 - 05:55 AM

EUR/USD - Constructive Following Key Day Wednesday

By Peter Stoneham  —  Apr 14 - 04:50 AM
  • A much more constructive look to the daily chart

  • Price records a key day reversal Wed; needs Thurs confirmation

  • Key formed by a lower low, higher high and close above previous close

  • We are running short from 1.0895 and currently out of the money

  • A close today above the 10DMA, 1.0908, would be damaging: EBS pricing

  • Bearish 14-day momentum has faded and RSI rising albeit marginally

    For more click on FXBUZ

EUR/USD Trader

EUR/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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