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Aug 26 - 08:55 PM

EUR/USD - Strikes Support At Familiar Levels Into Jackson Hole

By Andrew M Spencer  —  Aug 26 - 07:10 PM
  • +0.05% after closing slightly softer, but lower on the crosses

  • Euro weakness appears to be position trimming into Jackson Hole

  • Brexit off agenda for EU envoys' meeting due to stalled talks nL8N2FS5O6

  • 1.1800 400M, 1.1825-30 500M, and 1.1875-85 600M are the close strikes today

  • Techs; 5, 10 & 21 DMAs coil, momentum studies conflict - neutral setup

  • Upper 21 day Bolli capped last week - now key resistance at 1.1913

  • Last week's topside failure a negative signal, 1.1695 August low supports

  • 1.1773 NY low and this weeks 1.1849 high initial support-resistance

  • Expecting tight range trading in Asia, unless there is news

    For more click on FXBUZ

eur aug 27 Click here

Source:
Refinitiv IFR Research/Market Commentary

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