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Nov 04 - 04:55 AM

EUR/USD - Remains Under Daily Cloud: Spot Could Now Collapse

By Martin Miller  —  Nov 04 - 03:30 AM
  • EUR/USD has seen two daily closes in a row under the cloud = bearish

  • The daily cloud spans the wide 0.9826-0.9949 region

  • Fourteen-day momentum is on course to turn negative at Friday's close

  • That would highlight the overall shift in risk to the downside

  • We are looking to get short at 0.9810 in anticipation for a bigger drop

  • Previous update nL1N31Y28H. EUR/USD Trader TGM2334

Refinitiv IFR Research/Market Commentary


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