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Sep 19 - 03:55 AM

EUR/USD - Bears Suffer A Setback On The Charts

By Martin Miller  —  Sep 19 - 02:35 AM
  • EUR/USD failed to register a 3rd daily close in a row under the 1.0669 Fibo

  • 1.0669 Fibo is a 76.4% retrace of the 1.0482 to 1.1276 (2023) rise

  • 14-day momentum remains negative, however, reinforcing the bearish bias

  • The tenkan and kijun lines are negative aligned, also bearish

  • We are looking to get at 1.0710 for a deeper drop

  • EUR/USD Trader TGM2334. Previous update nL1N3AU0A4

  • Dollar shorts on the verge of throwing in the towel nL1N3AT0DO

Source:
Refinitiv IFR Research/Market Commentary

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