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Nov 10 - 04:55 AM

EUR/USD - Chart Has Three Clear Negatives

By Martin Miller  —  Nov 10 - 02:40 AM
  • EUR/USD rise has been limited by thick cloud that now spans 1.0599-1.0799

  • Close sub 1.0683 Fibo, 23.6% of 1.0448-1.0756 (Oct-Nov) EBS rise, weakens

  • Also fourteen-day momentum is at risk of turning negative at Friday's close

  • Our long at 1.0670 remains, meanwhile our stop is below the daily cloud base

  • EUR/USD Trader TGM2334. Previous update nL1N3CA0OS

  • Could the market be wrong about the dollar's fate? nL1N3C90VA

Source:
Refinitiv IFR Research/Market Commentary

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