By Randolph Donney — Mar 09 - 03:50 PM
EUR/USD rebounds after Wed's 1.0524 low on EBS brushed the 100-DMA
That day's new 8-week low left a pending bullish divergence from RSIs
But bearishly crossed 21-, 30- and 55-day MAs at 1.0640/96/715 weigh
They'd have to be retaken to refudiate that bearish pattern
Nearby resistance is from the 10-DMA and tenkan, last at 1.0598/609
The 100-DMA will rise to 1.0535 on Friday by 38.2% of the Nov-Feb advance
That Fibo has yet to be closed below to signal the 50% at 1.0382 is next
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary