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Sep 21 - 07:55 AM

EUR/USD - May Test 1.1700 Where Bulls Can Bank On Support

By Jeremy Boulton  —  Sep 21 - 05:55 AM
  • EUR/USD down 0.46% today and deeper retreat is likely nL2N2GI076

  • Risk averse movement hit EUR/JPY hard, pair breaks big level nL2N2GI076

  • A deeper EUR/USD retreat would be healthy for the trend

  • Min objective for tech correction of rise from June low is 1.1691

  • A drop to that point should see number of longs pared further nL2N2GI053

  • 55-DMA is 1.1723. Top of a rising daily Ichimoku cloud 1.1709

  • Cloud thick to 1.1542. Hard to break. 1.17 is a good spot to pick a base



EUR/USD Click here

EUR/USD Click here

Source:
Refinitiv IFR Research/Market Commentary

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