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Aug 14 - 03:55 AM

EUR/USD - FX Traders Lose Interest In 1.18S, Downside Risk

By Peter Stoneham  —  Aug 14 - 02:05 AM
  • Long upper shadow to Thurs candle a concern for bulls

  • Bias still favouring a run to 1.2000 but a thin market lacking stamina

  • Market needs to break clear of the 10DMA, 1.1798

  • It's Frid so weekly chart important: risk of consecutive doji stars

  • Dojis suggest market indecision and potential for direction change

  • Last week's 1.1695 low remains pivotal

EUR/USD Trader

EUR/USD daily candle chart: Click here

EUR/USD weekly candle chart: Click here

Refinitiv IFR Research/Market Commentary


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