Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Apr 29 - 07:55 AM

EUR/USD - Brief EUR/USD Correction Likely Followed By Deeper Fall

By Jeremy Boulton  —  Apr 29 - 05:35 AM
  • Profit taking weighs USD ahead next week's Fed meeting nL2N2WR0FL

  • EUR/USD rebounds 1.0470-1.0593 from slightly oversold situation

  • Pair has risen back above base 20-day Bollinger bands at 1.0539

  • A minor consolidation perhaps within 1.0540-1.0750 may follow

  • A deeper drop is likely to follow the consolidation phase

  • Next targets for this drop are 1.0455 and then 1.0283/1.0245




EURUSD target Click here

EUR targets Click here

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
© 2022 eFXdata · All Rights Reserved
!