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Aug 26 - 04:55 PM

EUR/USD - Rally Sellers Might Not Get Their Chanceeurusd Https://tmsnrt.rs/3YlfmTR

By Christopher Romano  —  Aug 26 - 02:59 PM
  • EUR/USD rallied above the 21-DMA, hit s 7-session high of 1.1779 on EBS

  • Gains erode though and EUR/USD turns negative on the session

  • Daily RSI diverges on today's high and the pair is back below the 21-DMA

  • Monthly RSI's fall deepens, implies longer-term downward momentum intact

  • Sellers near 23.6% & 38.2% Fib of 1.2266-1.1664 might miss their chance

  • Risk from Fed Chair Jerome Powell speech on Friday is now in focus

  • If Powell rhetoric is deemed hawkish EUR/USD might fall sharply

  • For more click on FXBUZ


eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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