By Peter Stoneham — Oct 31 - 04:05 AM
Constructive daily chart but lacking momentum
Fourteen day momentum remains negative and RSI flat and neutral
Risk the market pans out sideways through Nov
Daily trend supp-res lines converge in Dec. at 1.2122
Long lower candle shadows highlight the bullish advantage
The key trigger levels remain at 1.2039 and 1.2288
We lean bullish but need stronger signals before trading
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Source:
Refinitiv IFR Research/Market Commentary