Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Oct 20 - 01:55 PM

EUR/USD - Dip Buyers Tip Their Hands; Key Impediments Look Vulnerable

By Christopher Romano  —  Oct 20 - 12:40 PM
  • EUR/USD slide on Wednesday hit 1.1617 on EBS but buyers then emerge

  • Buyers appear near the 21-DMA and a rally ensues with risk-on theme

  • EUR/USD turns +ve on the day, bull tech signals get reinforced

  • Daily bull hammer forms off the 21-DMA, daily RSI turns up again

  • Rising monthly RSI, October monthly bull hammer reinforces bull signals

  • Longs set to take on Oct 19 & Sep 29 highs, 38.2% Fib of 1.1909-1.1522 drop

  • Break of those impediments puts 1.1750/60 zone, daily cloud in play

  • For more click on FXBUZ

eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!