By Peter Stoneham — Nov 15 - 02:15 AM
Back to back bear closes but unable to drop under the 200DMA Tues
Our 0.8739 short still in play but at risk to the Tues Doji
Long lower candle shadow is a concern
Tues 0.8730 high initial key resistance, our stop just above
Tues low 0.8790, 200DMA at 0.8686 and a 76.4% Fibo at 0.8675 the supports
Fourteen day momentum has flipped to positive, adding to upside risk
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Source:
Refinitiv IFR Research/Market Commentary