Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
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

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!