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Oct 22 - 03:55 AM

EUR/USD - FX Traders Stymied By Conflicting Signals

By Peter Stoneham  —  Oct 22 - 02:14 AM
  • Cracks appearing in the recent bull run and our long play at risk

  • Long from 1.1633 for 1.1745 with a 1.1590 stop

  • Thurs failure to better the Oct 19 1.1670 high (EBS pricing) a concern

  • On a closing basis 30DMA just resisting the euro's advance, today at 1.1653

  • Potential bull cross between 10 and 21DMAs might help underpin a fresh gains

  • 14-day momentum hanging onto positive values and RSI neutral

  • Wkly potential to cls above cloud base and 200WMA fighting the bulls' corner

    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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