By Peter Stoneham — Jun 26 - 01:40 AM
A Tuesday doji candle and failure to close above 10DMA
No preceding bull trend to reverse but still count as bearish signals
Could also be some pull from today's 1.2561-81 cloud twist
Fourteen day momentum remains negative and RSI flat lining
Initial key support at 1.2643, the 100-DMA
Market above the 100DMA since May 15 upside break
We offer by 1.2703 for a bearish resumption
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Source:
Refinitiv IFR Research/Market Commentary