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Sep 02 - 11:00 PM
EUR/USD - Trends South, But 1.0945/50 Strikes An Initial Base
First appeared on eFXplus on Sep 02 - 09:05 PM
  • Off 0.1%, extending yesterday's 0.2% loss and touching a 1.0951 low
  • Italian PM Conte appeals to 5-Star members to back new gov't nL5N25T40X
  • 1.0945-50 1.8BLN in strikes may provide a base today in Asia
  • Charts - 5, 10 & 21 daily, weekly and monthly MAs all trend lower
  • First major support is 1.0863, 76.4% of the 2017/2018 climb
  • Close above 1.1027 prior August low would undermine bias
  • Asian 1.0951/1.0975 range is initial support/resistance

eur sep 3 Click here

Source:
Refinitiv IFR Research/Market Commentary

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