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Sep 30 - 08:55 AM

EUR/USD - Finally EUR/USD Makes A Decisive Move Down

By Jeremy Boulton  —  Sep 30 - 06:45 AM
  • EUR/USD static during European morning breaks lower to 1.1569 EBS

  • Heightens chance of a close below 200-WMA at 1.1574

  • Pair last lower in July 2020 when EUR/USD rose from 1.1400

  • Weekly Ichimoku cloud base is 1.1548

  • EUR/USD broke above weekly cloud and 200-WMA in July 2020

  • Pair dropped 7.8% in 49 weeks after breaking under cloud in 2018

  • EUR/USD fell 6% after last break under 200-WMA

  • When EUR/USD does the unexpected you should worry nL1N2QW0J4




EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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