By Peter Stoneham — Oct 19 - 02:10 AM
Falling daily tops beginning to erode any bull bias off a trend support
The support line, off the 1.0448 Oct. 3 low, is at 1.0521 today
Recent high at 1.0640 and a 23.6% Fibo at 1.0643 stand over the EUR
Still see bullish risk while above 1.0521 but bearish potential is building
Long candle shadows on weekly chart highlight EUR weakness
Mixed signals and we stand aside for now
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Source:
Refinitiv IFR Research/Market Commentary