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Dec 24 - 02:36 PM
EUR/USD - Cloud Top Repels Bears Again
First appeared on eFXplus on Dec 24 - 10:10 AM
  • Pair dips back below rising 21- & 55-DMAs in overnight trade

  • Slide stalls short of the daily cloud top, a bounce ensues

  • Dec. Philly Fed services downside miss helps soften the US$ nAQN01QIWN

  • EUR/USD lifts above 21- & 55-DMAs, nears flat on the day

  • Daily RSI falling, inverted monthly hammer forming, techs lean bearish

  • Longs need key support from the Dec 6 low & daily cloud base to hold







chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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