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Aug 25 - 04:55 AM

EUR/USD - FX Traders Look To Key Tipping Points

By Peter Stoneham  —  Aug 25 - 02:35 AM
  • Bear bias holding and our 1.1815 short play marginally onside

  • 14-day momentum has finally flipped to bearish but RSI not confirming

  • Key support at 1.1711-1.1695 the key tipping points

  • Reversal level now at 1.1883, Aug 21 sell-off high, on any rebound

  • Below 1.1755 and our stop will be lowered

  • Weeklies a concern, potential bull continuation pattern





EUR/USD Trader

EUR/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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