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Aug 04 - 07:55 AM

EUR/USD - New Weekly High, But Lacks Impetus. Options Bullish

By Richard Pace  —  Aug 04 - 06:05 AM
  • EUR/USD breaks Monday's 1.1695-1.1796 range high for 1.1806, then falters

  • Broader USD is back under pressure, but EUR/USD lacking impetus for now

  • EUR/USD still vulnerable to corrections lower, tho uptrend intact

  • 21-hourly moving average defined Tuesday's low at 1.1753, higher now 1.1763

  • 200-hourly ma underpins 1.1732 ahead of Monday's daily low 1.1695

  • Big bid/demand for EUR call options-right to buy EUR/USD higher nL1N2F6084


EUR=EBS HOURLY Click here

Source:
Refinitiv IFR Research/Market Commentary

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