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Sep 04 - 03:55 AM

EUR/USD - On Verge Of A Slump Under August Low Daily Chart Shows

By Martin Miller  —  Sep 04 - 02:15 AM
  • EUR/USD's recent recovery faltered ahead of the cloud, peaked at 1.0945

  • The daily currently spans the 1.0956-1.1074 region

  • Fourteen-day momentum remains negative, reinforcing the overall bearish bias

  • Spot remains on course to break under the August 1.0766 (EBS) low

  • We are looking to get short at the 1.0850 level

  • Ahead of the tenkan line, at 1.0856, the midpoint of the last nine days

  • EUR/USD Trader TGM2334. Previous update nL1N3AD0EJ

Source:
Refinitiv IFR Research/Market Commentary

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