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Jul 04 - 02:55 AM

EUR/USD - REFILE-BUZZ-EUR/USD Chart Shows Bulls Are Fighting Back, Face A Hurdle

By Martin Miller  —  Jul 04 - 02:30 AM

Removed an "a" from the first line

  • Bulls are fighting back, leaving long tails on Thursday and Friday candles

  • That is usually a sign that the downside has been rejected

  • Outlook is in balance while the mkt remains under Wed's 1.0535 (EBS) high

  • We are long at 1.0425 in anticipation for a bullish resumption

  • We have placed our stop under the 1.0340 2017 low

  • EUR/USD Trader TGM2334. Previous EUR/USD update nL1N2YI0DQ

Source:
Refinitiv IFR Research/Market Commentary

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