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Thomson Reuters
May 31 - 03:48 AM
EUR/USD - Focus On 10-DMA After 2Nd Largest 2018 One-Day Rise
First appeared on eFXplus on May 31 - 01:45 AM
  • EUR/USD bears are up against it today after Wednesday's big rise
  • Spot registered second biggest one-day rise of 2018 on Wed (122 pip gain)
  • Daily close above falling 10-DMA, now at 1.1690, will confirm upside bias
  • Fourteen-day momentum remains negative, the bias remains on the downside
  • We remain short for 1.1435, stop above 10-DMA
  • Tuesday's ninth biggest 2018 one-day drop had unmasked key Fibo

EUR/USD Trader:

Daily Bollinger Chart: Click here

2018 One-Day Gain Rankings Table: Click here

Source:
Thomson Reuters IFR Markets

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