By Peter Stoneham — May 26 - 03:40 AM
EUR catching a modest correctional bid early Friday
We are short from 1.0810 for 1.0660 and now have profits locked to 1.0765
A small lower candle shadow Thurs might hint at supply fade
Weekly candle also showing a long lower candle shadow
However, 14-day momentum is still confirming price weakness
A minimum correction from the 1.0925 to 1.0708 drop is at 1.0759 (EBS price)
Still a bear market but Friday might record an adjustment
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary