Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Aug 16 - 10:55 PM

EUR/USD - 1.1775 Strikes A Magnet, USD And Risk Appetite Lead

By Andrew M Spencer  —  Aug 16 - 08:41 PM

  • Steady after closing off 0.15%, with the safe haven USD slightly firmer

  • Events in Afghanistan undermine FX risk appetite - support USD nL1N2PL01V

  • Charts; 5, 10 & 21 daily moving averages conflict, as 1.1700 support holds

  • 1.1704 March low and 2021 base - 1.1694 38.2% 2020-2021 rise major support

  • 1.1700-1.1895 21 day Bollinger bands flat line - likely define broad range

  • Close above 1.1798 21 DMA would target a return to 1.1895 upper 21 day Bolli

  • Sustained break of 1.1690 would target 1.1602 November 2020 low

  • 1.1775 606M strikes a magnet - 1.1810/25 1.740 BLN strikes cap

    For more click on FXBUZ


eur aug 17 Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!