By Peter Stoneham — Sep 01 - 02:25 AM
Back to back monthly Doji candles a warning to bears
Market indecision can lead to a change in direction
Monthly momentum has also flipped to positive
Last week's hammer candle in the reversal mix too
We are short from 0.8590 for 0.8505 with an 0.8630 stop
We are on-side but at risk from a potential Friday rebound
Bears need a drop under 0.8538, a 61.8% Fibo off 0.8493-0.8610
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary