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Jul 09 - 03:55 AM

EUR/USD - Still In Trouble Despite Rebound

By Peter Stoneham  —  Jul 09 - 02:23 AM
  • Euro still in trouble despite the Thursday rebound

  • Bearish signals are strengthening with 100DMA poised to cross below 200DMA

  • Bearish momentum has increased and RSI backing off

  • 10DMA defining the down trend, currently 1.1855

  • A July 22 1.2063-66 cloud twist offers bulls some hope

  • Long lower weekly candle shadow also bullish

  • However, price remains entrenched within its weekly cloud.

  • We stand aside for now

    For more click on FXBUZ













EUR/USD Trader

EUR/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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