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Aug 25 - 04:55 PM

EUR/USD - Signals Imply Test Of Fibos, Rally Sellers Likely Lurk

By Christopher Romano  —  Aug 25 - 02:47 PM
  • EUR/USD dips below the 10-DMA but then rallies & turns positive on the day

  • Daily RSI turns up & a daily bullish outside candle forms, 21-DMA threatened

  • Signals suggest test of 23.6% Fib of 1.2266-1.1664, Aug 13 high, 50-DMA due

  • Rally sellers likely have placed offers near those impediments

  • If those resistances break more sellers likely at 1.1880/1.1910 resistance

  • Daily cloud base, 38.2% Fib 1.2266-1.1664, July 30 high sit in that zone

  • For more click on FXBUZ



eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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