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Aug 22 - 01:55 PM

EUR/USD - A New Milestone Is Set

By Christopher Romano  —  Aug 22 - 11:35 AM
  • Energy, economic growth, inflation concerns in EZ stoke uncertainty

  • Euro is sold broadly as risk-off sentiment persists & US$ gains

  • EUR/JPY is below 136.80, EUR/GBP dips below 0.8450, EUR/CHF below 0.9595

  • EUR/USD breaks July's monthly low & likely 0.9950 option barrier protection

  • Stops trigger & pair spikes down to 0.99335 on EBS, virtually no bounce seen

  • Daily, monthly RSIs oversold but not diverging, downside momentum remains

  • 0.9900 psychological level & likely barrier protection are not targeted

  • December 2002 monthly low at 0.9860 (EBS) is targeted thereafter

  • For more click on FXBUZ




Source:
Refinitiv IFR Research/Market Commentary

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