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Aug 27 - 05:00 AM
EUR/USD - Friday Short Shake Out Brings Fresh Life To Bears
First appeared on eFXplus on Aug 27 - 02:50 AM
  • Friday's topside break from ranges now being negated by a partial retrace
  • Pullback to the 10DMA at 1.1102 bringing bears back to the market
  • Monday's close below the average significant
  • Daily momentum negative and still reflecting the Aug 13-16 drop
  • Stochastic is rising but beginning to level off
  • Risks a return to 1.1066-1.1114 range: fireworks only below 1.1051 Frid low

EUR/USD Trader

EUR/USD Daily Candle Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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