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Aug 18 - 04:55 AM

EUR/USD - Bulls Could Be Running Into A Blind Alley

By Peter Stoneham  —  Aug 18 - 02:40 AM
  • Still a risk this market is accelerating into a turn

  • Can't ignore Doji star from w/e August 7 just yet

  • However, EUR lining up a test of the 1.1916 Aug 6 and 2020 high

  • Six-day bull run shaping up to trend higher still

  • 14-day momentum not confirming latest push but remains positive

  • Longs can target the May 15 2018 highs at 1.1938 then 1.1996 May 2018 high







EUR/USD Trader

EUR/USD daily candle chart: Click here

EUR/USD weekly candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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