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Feb 06 - 01:55 PM

EUR/USD - Some Signs Emerge Which May Concern Bears

By Christopher Romano  —  Feb 06 - 11:50 AM
  • EUR/USD fell to a 3-month low of 1.0722 on EBS Tuesday then rallied

  • Pair turned positive on the session which helped generate s-t bull signals

  • Daily RSI diverged on the new low and a daily doji candle was put in place

  • Signals suggest a corrective bounce may be in store for EUR/USD

  • Rally may be limited however as other bearish signals still remain in place

  • Monthly RSI, hold below 10- & 200-DMAs and daily cloud give shorts comfort

  • Longer-term bears may be looking to sell rallies near those impediments

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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