Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Mar 01 - 01:55 PM

EUR/USD - Bears Might Get An Opportunity To Sell

By Christopher Romano  —  Mar 01 - 12:21 PM
  • EUR/USD sinks to an 8-day low, slide stalls near key 1.2020/25 support

  • 76.4% Fib of 1.1952-1.20435, Feb 8 & 17 daily lows sit in that zone

  • RSI imply bear momentum intact but a daily doji candle forms

  • Doji suggests a bounce could be due, will give bears a rally to sell

  • Rally sellers likely lurk near the 10-DMA & 1.2105/10 resistance zone

  • Additional sellers likely sitting near the 55-DMA & daily cloud top

  • 1.2020/25 support looks likely to break, Feb low is then targeted

  • For more click on FXBUZ

eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!