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Jun 24 - 07:55 AM

EUR/USD - Sell Signal After Sell Signal Yet To Be Respected

By Jeremy Boulton  —  Jun 24 - 05:45 AM
  • EUR/USD sank 1.0916 to 1.0668 after 55-DMA dropped below 200-DMA

  • Now 21-DMA drops below 100-DMA and about to fall below 200-DMA

  • EUR/USD has broken under and holding below daily cloud 1.0778-90

  • Fundamentals are also deteriorating undermining euro nL1N3IM09Z

  • Traders sitting long euros may react paring more of their $5.8bln bet

  • Main target for a drop is 1.0513

Source:
Refinitiv IFR Research/Market Commentary

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