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Aug 01 - 03:55 AM

EUR/USD - Bearish Signals Are Building

By Peter Stoneham  —  Aug 01 - 01:55 AM
  • A rough bearish continuation pattern on the daily chart

  • We are maintaining a long but progress blunted and bearish signs in place

  • Rally off the July 28 low stalled short of the 21-DMA, today at 1.1061

  • Monday's inverted hammer also a concern

  • Bearish cross over, 10 and 21DMAs, only four pips away

  • A monthly inverted hammer adds to the downside risk

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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