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Jan 27 - 05:55 PM

EUR/USD - A Key Fibo Helps Longs Cling To Life

By Christopher Romano  —  Jan 27 - 04:14 PM
  • EUR/USD falls below the daily cloud top & 55-DMA, hits 7-day low

  • 38.2% Fibo of 1.1602-1.2349 pierced as well but EUR/USD bounces

  • Daily bull hammer forms which gives longs some encouragement

  • Falling daily, monthly RSIs imply bear momentum is in place though

  • EUR/USD longs need break above 21-DMA, Jan 22 high to gain some control

  • For more click on FXBUZ





eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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