By Peter Stoneham — Apr 19 - 01:55 AM
Repeated failures in the high 1.24s into a Friday shake out
Our 1.2415 long stopped at entry on-route to 1.2388 low
A long lower shadow already formed and the low point might have been seen
A May 5 1.2711-19 cloud twist now in play
Negative daily momentum and RSI flat and o/s
Weekly action remains inside its cloud, bearish
However, we still lean bullish and have a bid in place
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Source:
Refinitiv IFR Research/Market Commentary