Explore eFXplus Derived Data That Drive Results
A Data Partner of:
May 23 - 02:55 AM

EUR/USD - Risk Of A Bounce Off The 100-Day Moving Average

By Peter Stoneham  —  May 23 - 02:00 AM
  • EUR/USD fell below the 10 and 21-DMAs then struck a five-session low Wed

  • The pair bounced but ended the day near the 1.0818 low: but above 100DMA

  • Daily RSI is falling but is no longer near overbought

  • Monthly RSI is rising and the pair holds above the daily cloud and 200-DMA

  • A rough bull pennant has formed on the daily chart

  • We went long at the market and target 1.0960 near the March highs

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


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