By Peter Stoneham — Oct 17 - 01:45 AM
A shallow bull bias holding, contained by a developing trend support
The line off the 1.0448 Oct. 3 low comes in at 1.0508 today
Fourteen day momentum has flipped to positive, first time since late July
However, daily RSI is pointing down in neutral territory
Initial resistance at 1.0570, the 21-day moving average line
Pivotal resistance at the Oct. 12 1.0640 high
We lean bullish but will wait for stronger signals
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary