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Oct 18 - 01:55 PM

EUR/USD - Dip Buyers Could Be Taking Control

By Christopher Romano  —  Oct 18 - 12:46 PM
  • EUR/USD fell below the 10-DMA overnight, 1.1572 trades on EBS

  • Buyers emerge as broad based US$ selling emerges, EUR/USD turns +ve

  • Daily bull hammer forms & a monthly bull hammer is also forming

  • Rising daily, monthly RSIs imply upside momentum is in place

  • The 21-DMA gets pierced, a close above it bolsters the bullish view

  • Break of 1.1640/50 zone puts 1.1750/55 and daily cloud in play

  • For more click on FXBUZ




eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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