Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Aug 29 - 06:55 AM

EUR/USD - Worrying Signs For EUR/USD As Support Gives Way

By Peter Stoneham  —  Aug 29 - 04:55 AM
  • From bullish consolidation to a potential trend reversal

  • The EUR slides from 1.1201 2024 high to 1.1072 Thursday low-EBS pricing

  • Our 1.1120 bid was filled and we are now at the mercy of a direction change

  • A drop below the 10-day moving average adds to the downside risk

  • Positive 14-day momentum is fading: daily RSI falling away from o/b levels

  • Weekly action set to negate last week's gains and drop back under the 200WMA

  • EUR/USD Trader TGM2334

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!