By Peter Stoneham — Apr 17 - 02:10 AM
Early Wed gains fade quickly: 50-day moving average, 0.8552, intact
Fourteen day momentum and RSI still reflecting price weakness
We remain short from 0.8568 for 0.8510 with a trailing stop at 0.8580
A drop under 0.8527, Apr. 15 low, needed to open up our target
Key resistance points at 50DMA and 100DMA, 0.8574 for the latter
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Source:
Refinitiv IFR Research/Market Commentary