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Jul 22 - 04:55 AM

EUR/USD - Chart Retains A Bearish Tilt

By Martin Miller  —  Jul 22 - 03:41 AM
  • Fourteen-day momentum remains negative, reinforcing the bearish bias

  • Overall scope is for further losses towards the 1.1695 Fibo

  • 1.1695 Fibo is a 38.2% retrace of the 1.0636 to 1.2349 (2020 to 2021) rise

  • The 1.1695 Fibonacci level is where solid support might return

  • Bulls need to force a break back above Monday's 1.1884 (EBS) high to defer

  • EUR/USD Trader TGM2334. Previous update nL1N2OX09U

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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