By Peter Stoneham — Mar 10 - 02:05 AM
Tuesday advance capped by the 10DMA, today at 1.3906
Intraday bias has swung against our 1.3865 long play
14-day momentum flips to negative and RSI confirming pullback
Will maintain trade with a 1.3765 stop and 1.4110 target
Trade becomes even higher risk after bearish cross, 10DMA below 21DMA
March 5 1.3779 low the pivotal support, break opens up 55DMA, 1.3748
Still respecting Mar 5 hammer until candle low breached
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Source:
Refinitiv IFR Research/Market Commentary