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Oct 22 - 01:55 PM

EUR/USD - Dip Buying Is Likely The Preferred Strategy

By Christopher Romano  —  Oct 22 - 12:30 PM
  • EUR/USD falls back below the daily cloud top & 61.8 Fib 1.2014-1.16125

  • Longs are dealt a blow, daily RSI implies more frustration possible

  • Monthly RSI rises though & pair holds above 10, 21 & 55-DMAs

  • Rally off September's monthly low is intact & likely to resume

  • EUR/USD correction might deepen but dip buyers likely lurk

  • For more click on FXBUZ






eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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