By Peter Stoneham — Jul 15 - 09:35 AM
Promising developments for our long play, taken early in the session
Price climbs above the 10DMA, 0.8495, and posts a high at 0.8513
We have raised our stop to entry, 0.8470, but still target 0.8560
A 50% Fibo, from 0.8678-0.8403 drop comes at 0.8541 could slow the rise
Daily RSI rising and 14-day negative momentum beginning to confirm gains
To the downside, daily cloud base at 0.8434 and 200DMA just ahead at 0.8443
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Source:
Refinitiv IFR Research/Market Commentary