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Apr 07 - 10:55 PM

EUR/USD - Chart Shows Bulls' Indecision May Be Their Downfall

By Ewen Chew  —  Apr 07 - 09:06 PM
  • EUR/USD chart reveals pattern of indecision, may be bearish

  • Snapped back after briefly crossing 200 DMA, ending lower

  • Doji candlestick Wed indicates hesitation, momentum exhaustion

  • A bearish candlestick Thurs would confirm reversal pattern

  • Correction to Bollinger downtrend channel at 1.1768 may follow

  • Fed chief Powell speaks at IMF event Thurs; US10y 1.670%

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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