By Peter Stoneham — Feb 01 - 07:09 AM
Slide extends to a new 0.8805 trend low and eyes daily trend supp
Support line taken off the Dec 10 0.9000 low comes in at 0.8791 today
14-day negative momentum not yet confirming latest move
RSI making a move on the 30.00 line, the two combined hint at o/s condition
We have an offer at 0.8860, trading into any corrective rebound
Weekly already looking ugly as price drops below 100-200WMAs at 0.8841
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Source:
Refinitiv IFR Research/Market Commentary