By Peter Stoneham — Apr 25 - 01:55 AM
A marginal new high for the reversal from Monday's hammer candle
Climb to 1.2470 allows us to raise our long stop to 1.2395 entry
Our target tightened to 1.2550, ahead of the 200DMA
Fourteen day momentum remains negative and daily RSI flattening out
Recent high close to market and could resist further gains
Will hold long for now but will monitor any test of the 1.2484-98 area
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Source:
Refinitiv IFR Research/Market Commentary