By Peter Stoneham — Sep 19 - 02:30 AM
Volatility clouding direction with high and low candle shadows
Bulls are trying to carve out an advantage
A hammer type candle so far Thurs highlights demand on dips
Daily momentum positive and RSI/Stochs on the rise
Capped at 1.1189 Wed (EBS) and this now resistance
Tough call but on balance a buy towards the 10-day moving average, 1.1080
We wait for clearer signals
EUR/USD trading page TGM2334
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary