By Peter Stoneham — Nov 01 - 06:35 AM
No change from the range trade narrative
Soft bias keeping price towards the middle of a 1.2039-1.2337 range
Fourteen day momentum close to neutral and daily RSI flat lining
Trigger points closer to market at 1.2070 and 1.2288
Tight weekly and monthly ranges hint at bearish fatigue
We are happy to wait for stronger signals
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Source:
Refinitiv IFR Research/Market Commentary