By Peter Stoneham — May 05 - 01:55 AM
Sharp back to back daily losses into a modest Friday rebound
Our offer met at 0.8765 and we are looking for a drop to the low 0.86s
Speed and magnitude of the drop puts our trade at risk to corrective gains
Daily trend support off 0.8719 Mar. 15 low is at 0.8747
The 200DMA at 0.8731 and a 61.8% Fibo off 0.8548-0.8978 at 0.8712
Topside and Thurs 0.8814 the main resistance point.
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Source:
Refinitiv IFR Research/Market Commentary