By Christopher Romano — Sep 07 - 12:40 PM
EUR/USD technical signals have been bearish since late July
Daily, monthly RSIs have implied downward momentum was in place
Move below daily cloud & slew of daily MAs was a recent development
A fresh bearish signal emerged today as EUR/USD's down trend extended
Price drop followed Sept 6 daily doji, implies down trend is resuming
EUR/USD shorts likely target the June and May monthly lows
Break of those supports will bring 1.0490/1.0520 zone into focus
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary