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Nov 28 - 03:55 AM

EUR/USD - Traders Get A Signal To Sell

By Jeremy Boulton  —  Nov 28 - 02:25 AM
  • EUR/USD 55-DMA 1.0852 drops under 200-DMA 1.0853 - Death Cross

  • Bearish signal timely for traders now betting on a further drop

  • On Wednesday pair met target to correct Nov 6-22 slide

  • A 38.2% retrace 1.0937-1.0332 fall is 1.0563 - Nov 27 high 1.0587

  • Thursday's range unfolding lower 1.0568-1.0542 EBS

Source:
Refinitiv IFR Research/Market Commentary

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