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Jul 29 - 07:55 AM

EUR/USD - On Course For New 2020 Peak And Bigger Levels Beyond

By Jeremy Boulton  —  Jul 29 - 06:10 AM
  • EUR/USD reached its 2020 high at 1.1782 on Monday Jul 27

  • Today July 29 reaches 1.1770 EBS. An elevated consolidation (bullish)

  • Bullish techs, momentum and no sign yet that longs are a problem

  • 100-MMA is 1.1883. There has not been a close over 100-MMA since 2014

  • 1.1823 is a 61.8% retracement of the drop from 1.2556 in 2018

  • If, more likely when gold tops $2000 dollar will get hit nL2N2F00D4

  • Dollar falling because traders don't see a crisis nL2N2F00CN

  • China's CNH slumps a new 2020 low supporting EUR nL2N2F00BV




EUR/USD Click here

Source:
Refinitiv IFR Research/Market Commentary

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