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