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Jun 29 - 02:55 AM

EUR/USD - At Brink Of Next Leg Lower; 2 Bearish Cues Appear

By Ewen Chew  —  Jun 29 - 01:13 AM
  • EUR/USD drops to 1.1912 on EBS, potentially accelerating selloff

  • Tentatively breaches Fibo support 1.1918 as Asia stocks fall

  • Closing below that would affirm Bollinger downtrend channel

  • 2 bearish chart cues will spur capitulation of long-EUR bets

  • May slide past June low 1.1847, test 1.1800 psych barrier

  • Base of Bollinger channel near there will attract profit-taking

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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