Derived Data That Drive Results
First appeared on eFXplus on Dec 02 - 06:20 AM
Weekly bear flag break is holding but progress slowing
Daily action off the 0.8500 Nov 28 low and looking to the 10DMA at 0.8550
14-day momentum remains negative but RSI is climbing
Oct-Nov bear trend intact: would take an 0.8600 break to worry bears
Would consider fading the 0.8600 level if the current adjustment extends
However, if correction fades a sub-0.8500 break opens up 2019 low at 0.8456
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Source:
Refinitiv IFR Research/Market Commentary
