Welcome Guest:
Sign Up
A Data Partner of:
Refinitiv
Sep 05 - 12:12 AM
EUR/USD - Strikes Strangle, While Charts Remain Bearish
First appeared on eFXplus on Sep 04 - 10:10 PM
  • Flat after yesterday's GBP led 0.6% bounce, as no deal Brexit recedes
  • EU negotiator Barnier warns Brexit talks in paralysis - FT nL3N25W02C
  • 1.1000-10 1.1BLN, 1.1020-25 400M, 1.1035 250M, 1.1050 1.5BLN close strikes
  • Charts - 5, 10 & 21 daily, weekly and monthly MAs all trend lower
  • Yesterday's close above the 1.1027 August trend low was a positive signal
  • Bulls need a close above 1.1111, 38.2% of June ?Sept fall to get excited
  • 1.1007 NY low and 1.1064 10 DMA is initial support/resistance

eur sep 5 Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
!