By Peter Stoneham — May 23 - 02:00 AM
EUR/USD fell below the 10 and 21-DMAs then struck a five-session low Wed
The pair bounced but ended the day near the 1.0818 low: but above 100DMA
Daily RSI is falling but is no longer near overbought
Monthly RSI is rising and the pair holds above the daily cloud and 200-DMA
A rough bull pennant has formed on the daily chart
We went long at the market and target 1.0960 near the March highs
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Source:
Refinitiv IFR Research/Market Commentary