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Mar 15 - 01:55 PM

EUR/USD - Longs Struggle At The 10-Day MA

By Christopher Romano  —  Mar 15 - 11:58 AM
  • Three rallies in as many days above the 10-DMA cannot be sustained

  • Bears emerge on rallies above 10-DMA & near 38.2% Fib of 1.2244-1.1836

  • Daily and monthly RSIs are falling, imply downside momentum is in place

  • Longs encouraged as consolidation of rally off Mar 9 low persists

  • Break of March 11 high, 38.2% Fib 1.2244-1.1836 should ease bear pressure

  • Should slide extend test of the 200-DMA cannot be ruled out

  • For more click on FXBUZ

eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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