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Aug 31 - 03:55 AM

EUR/USD's Recovery Falters Ahead Of The Thick Cloud: Bearish

By Martin Miller  —  Aug 31 - 02:55 AM
  • EUR/USD's recent recovery has faltered ahead of the daily cloud

  • The daily cloud currently spans the 1.0956-1.1088 region

  • Market peaked at 1.0945 on Wednesday, expectation is for a slump

  • Scope for losses towards the August 1.0766 (EBS) low

  • We are looking to get short at 1.0930 in anticipation for a bear resumption

  • EUR/USD Trader TGM2334. Previous update nL1N3AB0EC

Source:
Refinitiv IFR Research/Market Commentary

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