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Feb 04 - 07:55 PM

EUR/USD - Trend Lower Accelerates On Techs And Fundamentals

By John Noonan  —  Feb 04 - 05:51 PM
  • EUR/USD opens 0.60% lower, as contrasting US/EZ economic fundamentals weigh nL1N2KA2J0

  • It is testing 100-day MA @ 1.1963 after close below 50% retracement @ 1.1975

  • Short-term trend lower intact as 5, 10 and 21-day MAs in bearish alignment

  • Clear break below 1.1950 targets 61.8 of 1.1602/1.2349 move at 1.1887

  • Resistance is @ 10-day MA @ 1.2073 and break would ease downward pressure

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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