By Peter Stoneham — Aug 09 - 03:20 AM
EUR/USD fell to a five-session low Thurs
Price neared the rising 10-Day moving average, 1.0881
A bounce ensued and a daily doji candle formed
Daily RSI is falling but monthly RSI is rising
An offer sits at 1.0960 as we believe a correction in the rally is due
Weeklies showing long upper and lower candle shadows
Indecision taking hold of the market, clouding direction
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Source:
Refinitiv IFR Research/Market Commentary