By Peter Stoneham — Apr 24 - 02:45 AM
Monday hammer candle (bullish) into strong Tuesday confirmation
Our long play just on-side and stop raised
Sticky price action early Wednesday and risk of pullbacks
Fibo levels taken off 1.2893-1.2299 drop are at 1.2526 and 1.2596
Fourteen day momentum still reflecting recent sharp losses
Daily RSI showing signs of bearish divergence
Will hold long for now but today's close now key
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Source:
Refinitiv IFR Research/Market Commentary