By Christopher Romano — Nov 09 - 10:05 AM
EUR/USD fell towards the 55-DMA and rising 10-DMA over the past 3-sessions
Dip buyers emerged ahead of those DMAs, happened again Thursday
Daily bull hammer candles formed after subsequent rallies when dips bought
Latest price action indicates EUR/USD bears are losing control over the pair
Rising RSIs, rally after Oct. doji candle reinforce daily tech signals
Nov. 6, Sept. 12 highs & 200-DMA, daily cloud top are impediments for longs
Break of those impediments may trigger stop loss buying, target 1.0950 area
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Source:
Refinitiv IFR Research/Market Commentary