Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Oct 31 - 01:55 PM

EUR/USD - Bears Lean On A Familiar Friend

By Christopher Romano  —  Oct 31 - 11:40 AM
  • Since mid-August EUR/USD rallies towards the 55-DMA have met sellers

  • 55-DMA was briefly pierced Tuesday, sellers emerged shortly after it was

  • Increase in US$ yield advantage over euro helped drive EUR/USD lower

  • Pair turned negative, pierced the 10-DMA, hit 1.05815 on EBS

  • Daily inverted hammer candle formed after EUR/USD hit a 5-session high

  • Daily RSI diverged on that high and is now falling again

  • Investors now focused on results of Fed meeting due Wednesday

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved