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Derived real-time data in partnership with:
Thomson Reuters
Oct 10 - 12:12 AM
EUR/USD - Signs That An Upward Reversal Could Gather Steam
First appeared on eFXplus on Oct 09 - 09:45 PM
  • +0.2% in Asia, led by AUD & NZD, as risk off shorts taken last week exit
  • Yesterday's long legged doji after the 1.1432 failure is a reversal signal
  • It would be validated by a close above yesterday's 1.1503 high in Asia
  • Close above falling 1.1537 10 DMA would end September/October downtrend
  • 1.1500-10 1.3BLN strikes a likely acting as a magnet in less liquid Asia
  • Earlier 1.1487 low & 1.1537 10 DMA are initial support/resistance

eur2 oct 10 Click here

Source:
Thomson Reuters IFR Markets

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