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Sep 27 - 03:48 PM
EUR/USD - Bulls' Defenses Are Close To Crumbling
First appeared on eFXplus on Sep 27 - 01:40 PM
  • Downbeat DE, FR & EU data drive EUR/USD to a new low of 1.0904

  • 1.0900 barrier, slowing US consumer spending stall the slide nL2N26I0H5

  • Risk-on early; stocks gain, yen sold, euro crosses bid, EUR/JPY near 118.50

  • EUR/USD dragged higher as shorts take some profit, 1.0960 neared

  • Pair dips below 1.0940 as EUR/JPY falls on soured risk nL2N26I0XP

  • Daily techs warn shorts as RSI diverges, monthly techs remain bearish

  • Key data risks next week, Sept PMIs globally & US employment report due







chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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