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Apr 24 - 04:55 AM

EUR/USD - Chart Remains Bullish, While Dollar Likely To Slump

By Martin Miller  —  Apr 24 - 02:55 AM
  • FX traders should brace for a USD fall if the Fed hikes nL1N36O0ND

  • EUR/USD bias still on the upside as 14-day momentum remains positive

  • The daily tenkan and kijun lines are bullishly aligned

  • There is scope for a break above the recent 2023 1.1075 (EBS) peak

  • Below last week's 1.0909 low will shift the bias back to the downside

  • Previous update nL1N36O0IK. EUR/USD Trader TGM2334

Refinitiv IFR Research/Market Commentary


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