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Aug 22 - 12:12 AM
EUR/USD - On Verge Of Downtrend Channel Before Eurozone PMIs
First appeared on eFXplus on Aug 21 - 10:10 PM
  • EUR/USD on the verge of reaffirming negative chart cue on EBS
  • Thurs closing below 1.1088 confirms Bollinger downtrend channel
  • Drop toward last month's more than 2-yr low of 1.1027 could follow
  • European Markit PMIs due later could add to bearish EUR sentiment
  • Eurozone manufacturing PMI expected to dip to 46.2 from 46.5
  • Central bankers at Jackson Hole will address dour outlook for economies

EUR: Click here

Source:
Refinitiv IFR Research/Market Commentary

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