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Dec 10 - 07:55 AM

EUR/USD - Shies Away From An Overbought Situation

By Jeremy Boulton  —  Dec 10 - 06:20 AM
  • Friday's rise to 1.0630 almost resulted in overbought situation

  • Top of 20-day Bollinger Bands was 1.0653 has dropped to 1.0623

  • On Tuesday EUR/USD sinks 1.0568-1.0524 EBS

  • Renewed weakness follows Death Cross on Nov 28 (55-DMA below 200-DMA)

  • Downside targets: 1.0293 and 1.0189

  • The euro may resume its long-term decline nL1N3NB09F

Source:
London Stock Exchange Group | Thomson Reuters

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