By Peter Stoneham — Sep 18 - 03:40 AM
Strong Friday rebound put our 0.8591 short at risk
Early Monday and the cross looks to be contained
Fourteen day momentum reading is positive but fading
Daily RSI flat lining at high levels
Falling daily tops and slight cloud widening add to bearish risk
Our buy stop is at 0.8635, just above the Sept. 13 high
Stall points close to mkt: 0.8609-0.8614 100DMA and cloud top, respectively
We need a close below 0.8606 daily cloud base to bolster our bear trade
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary