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Sep 07 - 03:55 AM

EUR/USD - Conflicting Signals Cloud Near-Term Direction

By Peter Stoneham  —  Sep 07 - 01:45 AM
  • Conflicting candles Frid-Mon but bulls have the edge: shooting star-hammer

  • Our 1.1875 short at risk after Mon rebound from 1.1856 (EBS prices)

  • We will maintain the trade with a 1.1930 stop

  • Initial levels to watch at 1.1856 and 1.1909, recent extremes

  • Key support and trigger point at 1.1836, daily cloud base

  • Minimum correction off 1.1664-1.1909 is at 1.1851

  • Daily momentum positive but RSI is over bought

    For more click on FXBUZ









EUR/USD Trader

EUR/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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