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Thomson Reuters
Oct 29 - 02:36 AM
EUR/USD - Bears Get Validated, China Stocks Risk-Off Weighs
First appeared on eFXplus on Oct 28 - 10:25 PM
  • EUR/USD bearish bias validated with Mon retreat from 1.1429
  • Ceiling of downtrend channel based on EBS will lure sellers
  • EUR/USD below Ichimoku Cloud, may reach for 1-yr low 1.1301
  • Key to further drop is Fibo line at 1.3106 which was tested Aug
  • Risk aversion in China stocks stokes haven USD demand again
  • SSEC down 1.0% after opening 0.2% lower, drags regionals down

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