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Thomson Reuters
Sep 30 - 09:48 PM
EUR/USD - Early Rally Runs Out Of Steam
First appeared on eFXplus on Sep 30 - 07:35 PM
  • EUR/USD rallies to 1.1629 in early trading before dipping back to 1.1600
  • Friday's close took the EUR/USD below the 55 DMA which is at 1.1615 today
  • Support at Fri low and 50% retracement of the Aug/Sep rally at 1.1569/58
  • Resistance is at the 21, 100 DMAs and Friday's high at 1.1649/57
  • Setup is bearish with s/t MAs turning and momentum studies heading lower

EUR daily: Click here

Source:
Thomson Reuters IFR Markets

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