By Randolph Donney — Aug 22 - 03:55 PM
EUR/USD tumbled from the 100-DMA at Tues's 1.0930 high to 1.0833
The 1.0833 low on EBS is 1 tick below July's 1.0834 swing low
And prices remain near session lows before the close
A large bearish engulfing candle was made today
A close below July's lows would eye the 200-DMA, now at 1.0797
The 76.4% Fibo of the May-July rise is at 1.0786
That Fibo is also close to early June highs
Source:
Refinitiv IFR Research/Market Commentary