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Oct 18 - 03:55 AM

EUR/USD - For EUR/USD Traders To Make Money Something Has To Change

By Jeremy Boulton  —  Oct 18 - 02:35 AM
  • EUR/USD are trading against a trend to bet on a rise

  • Techs and the majority of fundamentals are weighing EUR/USD

  • If nothing changes the pair will most likely keep falling

  • Changing Fed policy has fuelled a 1.2266-0.9528 slide

  • EUR/USD has entered a consolidation phase between 1.00-0.9600

  • For longs to profit, techs or fundamentals weighing must change

  • Bulls need a break over daily cloud 1.0156 and 100-DMA 1.0144

  • Daily cloud set to drop in Nov weighing further on EUR/USD


Source:
Refinitiv IFR Research/Market Commentary

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