By Martin Miller — Dec 20 - 02:35 AM
EUR/USD's large upper shadow on Thur's candle points to an upside rejection
The negative alignment of the tenkan and kijun lines is also bearish
However spot's big drop, Wednesday, failed to break 2024 1.0332 (EBS) low
2024 1.0332 low was posted back in November, bears need break below here
Near-term recovery attempts will likely be limited by Thursday's 1.0422 high
A break and close above the kijun line, which is currently at 1.0481
The daily kijun line is the midpoint of the last 26 trading sessions
Source:
London Stock Exchange Group | Thomson Reuters