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Sep 29 - 01:55 PM

EUR/USD - Short Squeeze Could Be Near Its End

By Christopher Romano  —  Sep 29 - 11:45 AM
  • Euro is broadly bid, solid gains seen versus US$ & other major ccys

  • EUR/USD pierces 10-DMA as daily RSI implies s-t bull momentum remains

  • Monthly RSI diverged & is falling, implies l-t momentum is bearish

  • Slew of tech resistance & daily lows sit in the 1.1735/75 zone

  • EUR/USD's short-squeeze might be close to being complete

  • ECB Watchers conference Wed. is a risk, could wake-up EUR/USD bears

  • For more click on FXBUZ




eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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