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Mar 08 - 05:55 PM

EUR/USD - Bearish EUR/USD Breakdown Delaying By 100-DMA Near Wednesday's Lows

By Randolph Donney  —  Mar 08 - 03:45 PM

  • EUR/USD breaks Feb's 1.0533 low on EBS by 38.2% of 0.9730-1.1034 at 1.0536

  • Wednesday's 1.0524 low just above rising 100-day and 21-wk MAs at 1.0519/21

  • Tiny bounce off the lows also kept prices above 2023's 1.0482 low

  • A close below there would signal Fibos of the uptrend from 2022s lows

  • The next retracement props are at 1.0459 and 1.0382

  • Wed's daily range below the rising daily cloud base is bearish

  • Along with bearishly crossing 30- and 55-DMAs above this week's highs

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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