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Aug 16 - 01:55 PM

EUR/USD - Dip Buyers And Indecision Emerge

By Christopher Romano  —  Aug 16 - 12:30 PM
  • EUR/USD fell to a 13-session low of 1.01225 on EBS then bounced

  • Pair turns slightly positive on the session & a daily doji formed

  • Doji indicates either a pause in the recent slide or rally is due

  • Daily RSI diverged on the low, suggests that a rally could be coming

  • Monthly RSI is falling & a long upper wick in place on August's candle

  • EUR/USD trades below the 10- & 21-DMAs and the falling daily cloud base

  • Today's warning signs for EUR/USD shorts may be trumped by l-t signals

  • For more click on FXBUZ




Source:
Refinitiv IFR Research/Market Commentary

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