By Peter Stoneham — Mar 05 - 06:39 AM
Daily bearish continuation pattern plays out with a bang
Sharp Frid losses now setting up a weak close on the week
Previous significant low, 1.3860, now resistance
Price removes the 30DMA at 1.3847 and lines up a run at 55DMA, 1.3726
14-day momentum flips to negative and extends fall
Weekly trend reversal strengthened significantly: inverted hammer
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Source:
Refinitiv IFR Research/Market Commentary