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Aug 21 - 05:55 PM

EUR/USD - Downtrend Corrects, Awaits July Low Break For Next Leg Lower

By Randolph Donney  —  Aug 21 - 04:00 PM
  • EUR/USD consolidated its 3.8% slide from July's highs

  • That after Friday's trend low held above July's 1.0834 low on EBS

  • But prices still below the 10-DMA, with the 100-DMA at 109.31

  • Prior closes below 61.8% of May-July rise lift risk of 76.4% at 107.83

  • That Fibo is also near the 200-DMA, now at 1.07945

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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