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Thomson Reuters
Apr 10 - 03:48 AM
EUR/USD - Bulls Held Back By Key Fibo And Converged Averages
First appeared on eFXplus on Apr 10 - 02:00 AM
  • EUR rebound lost its way after testing the 21DMA Tues
  • Pullback into close giving a tight doji candle and hinting at demand fade
  • 21-30DMAs capped Mon-Tues and sit at 1.1280 and 1.1284 respectively today
  • A 38.2% Fibo also at 1.1284, 1.1448-1.1183
  • Slow stochs are looking top heavy but 14-day momentum remains negative
  • Our short still in play but needs a close under 1.1231 10DMA-Tenkan line

EUR/USD Trader:

EUR/USD Daily Candlestick Chart: Click here

Source:
Thomson Reuters IFR Markets

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