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Derived real-time data in partnership with:
Thomson Reuters
Aug 09 - 08:36 PM
EUR/USD - Pivotal 1.1500 Support In View - A Bearish Setup
First appeared on eFXplus on Aug 09 - 06:40 PM
  • Tight early range after closing -0.7% amid broad USD strength
  • German businesses suffering, as raft of US tariffs bite nL5N1V06BZ
  • Momentum studies edge lower, 5, 10 & 21 DMAs trend south - bearish setup
  • Major support above 1.1500 in view - 1.1510 double bottom & 1.1508 2018 low
  • Close below 1.1500 would initially target 1.1448, 50% 2017/2018 rise
  • 1.1500 477M strikes & 1.1575/85 500M strikes then NY 1.1600 high sup/res

eur aug 10 Click here

Source:
Thomson Reuters IFR Markets

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