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Sep 30 - 01:55 PM

EUR/USD - Key Fibo, 55-DMA Influences Could Mean The Squeeze Is Finished

By Christopher Romano  —  Sep 30 - 12:35 PM
  • EUR/USD short squeeze probes 1.1740/70 zone but bulls run out of gas

  • Rally stalls near 38.2 Fib of 1.2014-1.16125, 55-DMA then turns down

  • Bear signs increase as daily RSI diverges, daily hanging man candle forms

  • EUR/USD falls below 10-DMA, monthly RSI's bear momentum signal intensifies

  • Signals suggest short squeeze is finished & slide from Sep 1 peak resumes

  • Monthly close below Aug low, 23.6 Fib 1.0636-1.2014 will bolster bear signs

  • For more click on FXBUZ








eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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