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#1 08-10-2017 18:49:37

johnedward
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From: Paris - France
Registered: 21-12-2009
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EUR/USD: Maybank maintains its bias for selling on rallies

EUR/USD: Maybank maintains its bias for selling on rallies


http://www.forex-central.net/forum/userimages/Maybank-logo.png


Maybank still believes it is best to sell the EUR/USD on rebounds on the forex.

"The bearish momentum remains intact while the stochastic indicator is entering oversold territory.

The weekly momentum and stochastic indicators have a bearish bias.

We maintain a bias to sell upon bullish rallies of the EUR/USD, while political uncertainties in the eurozone and the ECB, which seems to be moving towards a very smooth and gradual normalisation of its policy, may weigh on the euro."


"Anything worth having is worth going for - all the way." - J.R. Ewing

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