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Apr 07 - 01:55 PM

EUR/USD - Dip Buyers Might Get Another Chance

By Christopher Romano  —  Apr 07 - 12:32 PM
  • EUR/USD rallies to an 11-session high after piercing the 200-DMA

  • A pullback ensues though and a daily doji candle forms

  • The doji implies either a pause in the rally or a deeper pull back

  • Dip buyers hope for a deeper pull back to buy & then target 1.1950/00

  • Monthly RSI is rising which implies longer-term bull momentum remains

  • Some bulls likely targeting 1.2000 or slightly above nL1N2M01EB

  • For more click on FXBUZ

eur/usd Click here

Refinitiv IFR Research/Market Commentary


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