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Sep 25 - 07:55 AM

EUR/USD - In A State Of Flux Following Price Failures

By Peter Stoneham  —  Sep 25 - 05:50 AM
  • Steep Monday losses but failure to close below the 10-DMA

  • Tuesday rally put the EUR back on the map

  • However, another failure, to better the 1.1201 2024 high, seen Wed

  • Tight price action just favouring the EUR but a deeper pullback the risk

  • Daily momentum is positive and RSI not confirming the price drop

  • Underlying bull run is intact while above 1.1131, 10-DMA

  • EBS pricing

  • EUR/USD Trading page TGM2334

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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