By Peter Stoneham — Sep 08 - 04:40 AM
Failure to drop under the 200DMA might force a pre-w/e recovery
The average is at 1.2427 today
March the last time market was below the 200DMA
We remain short from 1.2670 for 1.2405 with a trailing 1.2525 stop
Initial support 1.2445, Thursday low
September 22 1.2791-98 cloud twist a concern
Twists can appear to attract price action
Close below 1.253, 100WMA would be a bearish bonus
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Source:
Refinitiv IFR Research/Market Commentary