Failure at 1.0950 for two consecutive days in the wake of overbought RSI on the 4-hour chart suggests a pull back to 1.0940 (200-DMA) is more likely, although the dips below 200-DMA could see fresh demand for EUR, courtesy of the upward sloping 5-DMA and 10-DMA.
Only two consecutive daily close below 10-DMA would signal the erratic rally from the low of 1.0569 has ended.
Only two consecutive daily close below 10-DMA would signal the erratic rally from the low of 1.0569 has ended.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.