Welcome Guest:
Sign Up
A Data Partner of:
Refinitiv
Oct 01 - 12:12 AM
EUR/USD - Ventures Into Abyss As Germany Remains Stoic
First appeared on eFXplus on Sep 30 - 10:05 PM
  • EUR/USD exposed to the abyss after break of historical barrier

  • Breakdown of support from Mar-Aug 2015 Fibo has removed chart floor

  • Fibo now caps near 1.0940; Bollinger downtrend ceiling at 1.0952

  • Near-term bearish target is psychological level at 1.0800

  • Break of 1.0800 could trigger deluge of stoploss-related selling

  • German resistance to fiscal stimulus does EUR no favors nL5N26L4SA










EURfibo: 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
!