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Aug 27 - 03:55 AM

EUR/USD - On Course For Bigger Gains Despite Set-Back

By Peter Stoneham  —  Aug 27 - 03:30 AM
  • Despite Monday's minor setback, EUR/USD is on course for bigger gains

  • Risk of a return to the 2023 1.1276 high: 14-day momentum remains positive

  • Positive alignment of tenkan-kijun lines reinforces overall bull structure

  • Support at Thursday's 1.1098 low should limit near-term corrective moves

  • We look to get long on dips to the 1.1110 level

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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