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Oct 01 - 08:55 AM

EUR/USD - Reversal Reaches First Point Worth Mention

By Jeremy Boulton  —  Oct 01 - 06:40 AM
  • EUR/USD drops to 1.1085 EBS on October 1

  • The target for a minor correction of June-Sep rise is 1.1085

  • Target for min tech correction of that rise is 1.1005

  • Base 20-day Bollinger Bands is 1.1011

  • Weak eurozone manufacturing/softer CPI weigh nL1N3LD0A8nL1N3LC09J

  • Balancing of Swiss FX reserve may also weigh nL1N3LD0C5

  • This might be a good time to buy dollars nL1N3LD09D

Source:
Refinitiv IFR Research/Market Commentary

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