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Oct 08 - 02:55 AM

EUR/USD - Constructive But Wed High A Big Hurdle

By Peter Stoneham  —  Oct 08 - 02:05 AM
  • Constructive dailies but bearish risk while below the cloud top, 1.1871

  • 14-day momentum remains negative but RSI is now rising

  • Tues high and 55DMA, 1.1807-1.1795, initial resistance

  • We offer by 1.1795 for low 1.16s and would place stop above the cloud

  • Daily cloud is rising towards a Nov 5 1.1760-1.1777 twist

  • Weeklies with the bulls but need a close above the 10WMA, 1.1797







EUR/USD Trader

EUR/USD daily Ichimoku chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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