By Peter Stoneham — Feb 16 - 04:00 AM
Changes to headline
Wed rally broke the back of a the Feb. bear run but now looks stretched
Corrective pullback risk and we are positioned to exploit a correction
High risk trade given the short term trend reversal
We target 0.8785 with a tight stop set at 0.8925
Daily cloud top is at 0.8781 and a minor 61.8% Fibo at 0.8912
Potential weekly hammer (bullish) risks negating last week's slide
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary