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Jul 18 - 10:55 PM

EUR/USD - Cross Demand Supports, But Charts Favour Fresh Lows

By Andrew M Spencer  —  Jul 18 - 08:38 PM

  • +0.05%, supported by early EUR/GBP demand ahead of Freedom Day nL1N2OU0E0

  • Floods in Europe cause havoc - will boost climate initiatives nL1N2OU05N

  • German conservatives maintain wide lead over Greens - poll nL8N2OT0JL

  • Charts; 5, 10 & 21 daily and weekly moving averages edge lower

  • Net negative momentum studies, tight easing 21 day Bollinger bands

  • Modest negative setup - close below 1.1772 July low would be bearish

  • Close above 1.1864 21 daily moving average needed to end downside bias

  • European 1.1792 low and NY 1.1819 high first support and resistance

    For more click on FXBUZ


eur jul 19 Click here

Source:
Refinitiv IFR Research/Market Commentary

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