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Jul 31 - 02:55 AM

EUR/USD - Underlying Bear Bias Set To Resume

By Peter Stoneham  —  Jul 31 - 01:35 AM
  • Friday rebound from 1.0944 9EBS pricing) a reprieve for our long play

  • Still at risk as the underlying bear bias looks set to resume

  • Fourteen day momentum is poised to flip to negative

  • Daily RSI neutral to bearish having fallen sharply from over bought levels

  • Topside squeeze points at Friday's 1.1047 high and 21DMA at 1.1058

  • Weekly action remains below the 200WMA but above the 10-week line

  • Weekly momentum also set to flip negative

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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