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Thomson Reuters
Apr 11 - 05:00 AM
EUR/USD - Bulls Need To Push Harder On 30DMA Or Rally Will Fade
First appeared on eFXplus on Apr 11 - 03:00 AM
  • Pressure remains on resistance levels after a hammer candle (bullish) Wed
  • 21-30DMAs just holding the advance and contain a very thin early Thurs mkt
  • Negative momentum quickly fading and 14-day study poised to cross bull side
  • Bearish divergence on stochs, which are o/b and turning over
  • We are short from 1.1240 and need a firmer rejection at the 30DMA
  • Weekly action constrictive after last week's tight doji star: 10WMA key Res.

EUR/USD Trader:

EUR/USD Daily Candle Stick Chart: Click here

Source:
Thomson Reuters IFR Markets

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