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Sep 15 - 01:55 PM

EUR/USD - Rally Sellers Still Rule The Roost

By Christopher Romano  —  Sep 15 - 01:07 PM
  • EUR/USD bounces off the converging 21- & 50-DMAs in overnight trade

  • The pair climbs back into the daily cloud and nears the 10-DMA

  • Sellers emerge ahead of key resistance in the 1.1845/55 region

  • EUR/USD drops as US$ buying take hold during NY's morning

  • Pair turns slightly negative, nears the 21- & 50-DMAs again

  • Long upper wicks on the latest daily candles suggest shorts reign

  • The September monthly gravestone doji reinforces control by shorts

  • EUR/USD longs likely need break of res near 1.1910 to regain control

  • For more click on FXBUZ

eurusd Click here

Refinitiv IFR Research/Market Commentary


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