Richard Adcock, FX tech strategist at UBS says a close under 0.9250 today would trigger a bearish cross on momentum tools
- place stop at 0.9385
- MACD already below zero line
- decline may target 0.9182 ( 38% of YTD range) before aiming at 0.8983 ( 62% retracement)
Currently 0.9277
Do you agree/disagree/don’t care ?
