By Martin Miller — May 11 - 02:45 AM
EUR/USD's bear cycle from the March 31 1.1185 high looks set to resume
The downside bias is intact as 14-day momentum is negative = bearish
Expectation is for an eventual retest of the 2017 1.0340 low
Though the recent 2022 1.0470 (EBS) low could limit the downside near-term
We have placed a sell order at 1.0630, ahead of last Thursday's 1.0642 high
FX traders can protect against a bigger EUR/USD drop nL2N2X20LN
EUR/USD Trader TGM2334. Previous nL2N2X20CL
Daily Chart: Click here
Source:
Refinitiv IFR Research/Market Commentary