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Thomson Reuters
Feb 12 - 03:48 AM
EUR/USD - Bears Stage Significant Break On The Weekly Chart
First appeared on eFXplus on Feb 12 - 02:30 AM
  • Significant break of 200WMA: cls below last week, opens below this week
  • Plenty of blips below 200WMA but first time clear below since November 2017
  • Line now resistance at 1.1335: new 2019 low at 1.1267, matches Nov 2018 low
  • Dailies still hint at an adjustment higher but stronger signals needed
  • Stochs are flat lining and over sold but negative momentum is increasing
  • Could see price in the low 1.12s before a significant correction kicks in

EUR/USD Trader:

EUR/USD Weekly Candle Chart: Click here

EUR/USD Daily Candle Chart: Click here

Source:
Thomson Reuters IFR Markets

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