By Peter Stoneham — Oct 23 - 02:55 AM
New trend low of 1.0792 and 10DMA drops under the 200DMA
Over sold RSI reading: clear below 30 and lowest since Sept. 2023
EUR eyes August 1.0778 low but rebound risk is high
Trend could stand a run back to the 200DMA, today at 1.0871
A November 18 1.0998-1.1018 cloud twist might add to the correction risk
Early Wed action suggest consolidation might ease some of the o/s condition
EUR/USD trading page TGM2334
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Source:
Refinitiv IFR Research/Market Commentary