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Sep 27 - 10:55 PM

EUR/USD - Last Week's Dip Fails To Shake Bull's Resolve

By Andrew M Spencer  —  Sep 27 - 09:05 PM
  • Little changed in a low key start to the week - E-mini S&P +0.2%

  • 1.1580-90 400M, 1.1600 850M, 1.1640-50 1.1BLN and 1.1700 805M strikes

  • ECB's Visco says euro's strength is a worry nL8N2GO0FI

  • Lower daily highs and lows every day last week will please ECB

  • Despite the fall and long positions, IMM specs bought the dip nL2N2GM1NJ

  • Techs show 5, 10 & 21 DMAs heading lower with 21 day Bollinger bands

  • Bearish setup initially targets 1.1591, 50% of the June-September rise

  • Earlier 1.1615 low and European 1.1685 high initial support-resistance

    For more click on FXBUZ

eur sep 28 Click here

Source:
Refinitiv IFR Research/Market Commentary

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