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Aug 30 - 03:55 AM

EUR/USD - Bearish Risk Building Following Weak Thursday Close

By Peter Stoneham  —  Aug 30 - 03:10 AM
  • EUR/USD closed clear below the 10-day moving average Thursday

  • Potential for a bullish continuation pattern on the dailies negated

  • Over bought daily momentum readings are being unwound

  • Our 1.1120 long play is struggling as a direction change takes hold

  • Close below 1.0988, 50% Fibo 1.0775-1.1212, will add to risk

  • EUR/USD trading page 2334

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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