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Jul 04 - 11:55 AM

EUR/USD - REFILE-BUZZ-EUR/USD Is No Longer Oversold, There's Ample Room To Fall

By Jeremy Boulton  —  Jul 04 - 10:05 AM

Amends typo in headline

  • Euro zone investor morale slumps on grim expectations nS8N2SF05G

  • EUR/USD trades 1.0418-62 EBS Jul 4, quiet due U.S. holiday

  • Traders pare an already small bet on EUR/USD falling nL1N2YL0AW

  • EUR/USD is no longer oversold, there is now ample scope to drop

  • Oversold tech situation halted slides in March and May

  • Base 20-month Bollinger bands is 1.0338, 20-week 1.0250, 20-day 1.0355

  • Next targets for current trend: 1.0055 and 0.9828

  • Money markets provide certainty where EUR/USD is heading nL1N2YL0CB






Source:
Refinitiv IFR Research/Market Commentary

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