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Derived real-time data in partnership with:
Thomson Reuters
Jan 30 - 05:00 AM
EUR/USD - Increasingly Bearish Pointers Building For A Cloud Break
First appeared on eFXplus on Jan 30 - 03:15 AM
  • Daily doji action suggesting market indecision at the 100DMA
  • Failure to close above the average Monday and Tuesday
  • Marginally longer upper candle wicks heightening the risk to the downside
  • The 100DMA currently at 1.1443 and early Wed failure high at 1.1450
  • Daily momentum negative and stochs turning over
  • Cloud twist at 1.1394 Feb 1 in the bearish mix too

EUR/USD Trader

EUR/USD Daily Candle Chart: Click here

Source:
Thomson Reuters IFR Markets

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