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Oct 22 - 05:00 AM
EUR/USD - Cracks Appearing In The Bull Run; 200DMA Losing Its Pull
First appeared on eFXplus on Oct 22 - 03:00 AM
  • Limited follow through after breaking above the 100DMA

  • Price stalling between the 100 and 200DMAs, 1.1136 and 1.1207 respectively

  • A long upper candle wick Monday hints at demand fade

  • Top at 1.1180 and increasing risk of a pullback to daily cloud top 1.1106

  • Weeklies also look poised to correct lower and risk a sub-21WMA close

  • We maintain a 1.1070 bid but will monitor action at the level too







EUR/USD Trader

EUR/USD Daily Candle Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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