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Mar 10 - 04:55 PM

EUR/USD - Dip Buyers Are Taking Control

By Christopher Romano  —  Mar 10 - 02:38 PM
  • EUR/USD dips below 1.1870 but buyers emerge on upbeat risk sentiment

  • Stocks rally while US$ & UST yields sink after CPI, US 10-yr auction

  • EUR/USD rallies & breaks Tuesday's 1.19155 EBS high, trades 1.1925

  • Daily charts lean bullish, bull hammer forms & RSI rises further

  • Tuesday's reversal after dip below old trend line also bullish nL1N2L71AT

  • March 8 & 5 highs are resistance, break of latter should squeeze shorts hard

  • For more click on FXBUZ





eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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