By Peter Stoneham — Aug 01 - 01:55 AM
A rough bearish continuation pattern on the daily chart
We are maintaining a long but progress blunted and bearish signs in place
Rally off the July 28 low stalled short of the 21-DMA, today at 1.1061
Monday's inverted hammer also a concern
Bearish cross over, 10 and 21DMAs, only four pips away
A monthly inverted hammer adds to the downside risk
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Source:
Refinitiv IFR Research/Market Commentary