RRP usage slips to $129.269B this afternoon from $139.493B Wednesday. Compares to $58.770B (lowest l...
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EURUSD recovered further from the Monday low, however, for now, gains are considered corrective as the 20-day EMA capped the recovery. Monday’s fresh cycle low, highlights a resumption of the downtrend. Moving average studies are in a bear-mode position and attention is on 1.0138, the 1.764 projection of the Sep 25 - Oct 23 - Nov 5 price swing. Clearance of this level would open 1.0031, the 2.00 projection.