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Apr 05 - 06:55 AM

EUR/USD - Risk Of A Bullish Resumption While Above 1.0811

By Peter Stoneham  —  Apr 05 - 04:35 AM
  • EUR/USD rallied through the 21-DMA then struck a 10-session high Thurs

  • However, Some of the gains eroded and a daily inverted hammer candle formed

  • Daily and monthly RSIs are rising to imply upward momentum

  • A pullback low of 1.0823 Frid before a rebound to 1.0841

  • EUR/USD is just holding above the converging 55 and 200-DMAs

  • Risk of a bullish resumption while above the daily cloud base, 1.0811

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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