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Aug 27 - 07:55 AM

EUR/USD - This EUR/USD Rally Is Stretched

By Jeremy Boulton  —  Aug 27 - 05:35 AM
  • EUR/USD is trading above top of 20-week Bollinger Bands

  • This week's 1.1201-1.1150 range entirely above 1.1139 peak

  • EUR/USD has surpassed top 20-month bands at 1.1136

  • Top 20-day bands 1.1236 may encourage specs to stretch themselves further

  • Centre of 20-week Bands is 1.0853 roughly mid-point 2023 range

  • The weekly cloud twists near 1.0800 in Jan 2025 - twists attract

Source:
Refinitiv IFR Research/Market Commentary

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