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Refinitiv
Aug 08 - 04:55 AM

EUR/USD - Looking A Little Rich At Current Levels

By Peter Stoneham  —  Aug 08 - 03:35 AM
  • The daily chart is mixed with long upper and lower candle shadows

  • Daily RSI is rising but near overbought readings

  • Fourteen day momentum just showing positive values

  • A deeper pullback from the 1.1009 August 5 high needed

  • We offer by 1.0960 for a return to levels around 1.0800

  • An August 12 1.0748-82 cloud twist in the bearish mix

  • Ichimoku clouds can have a magnetic effect on price

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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