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Jan 08 - 05:55 PM

EUR/USD - Troubling Signs Make Longs Nervous

By Christopher Romano  —  Jan 08 - 03:37 PM
  • Correction off the 2021 high deepens, the 10- & 21-DMAs get pierced

  • Daily RSI is dropping, monthly RSI is close to diverging

  • A monthly gravestone doji is in place but the month is still young

  • EUR/USD longs also a bit nervous as support 1.2200 was pierced

  • Daily signals suggest the correction will deepen further

  • The longer-term rally is still intact though so that should comfort longs

  • For more click on FXBUZ







eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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