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Oct 09 - 03:55 AM

EUR/USD - Long Trade Holding But Losing Momentum

By Peter Stoneham  —  Oct 09 - 01:55 AM
  • Gain consolidation into Friday with Thurs Doji star a warning to bulls

  • 10DMA supporting, 1.1741, and 1.1808 Tues high initial hurdle topside

  • 14-day momentum remains negative but RSI lifting out of neutral levels

  • Weekly action more positive and set for back to back bull closes

  • 61.8% Fibo off 1.2014-1.1613 the big level at 1.1861

  • We offer by 1.1795 but will monitor price into weekend






EUR/USD Trader

EUR/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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