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Nov 14 - 08:36 PM
EUR/USD - A Quick Shift Leave Pair On Familiar Turf
First appeared on eFXplus on Nov 14 - 01:15 PM
  • Early bounce on US data gives some relief to longs nL2N27U0JI

  • Pair heavy on safe haven flows but holds above 61.8 Fib of 1.0879-1.1180

  • EUR/JPY & EUR/CNH sales help keep pair pinned just above day's low

  • USD/JPY & US equities sell-off sharply, EUR/USD spikes up near 1.1020

  • Daily RSI diverges & bull hammer forms, daily techs warn shorts

  • Monthly RSI still falling, says downside momentum could resume

  • Global growth concerns, soured risk could sink EUR/USD nL2N27U0TQ







chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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