Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Aug 31 - 04:55 AM

EUR/USD - Chart Hints This Market Will Likely Drop Eventually

By Martin Miller  —  Aug 31 - 02:35 AM
  • The dollar has the room to climb even further nL1N3051IN

  • EUR/USD's long upper shadow on Fri's candle is a very negative sign

  • Spot likely to break below 0.9900, which will accelerate losses further

  • Fourteen-day momentum remains negative, reinforcing the bearish market

  • 1.0110 Fibo, 23.6% retrace of 1.0787-0.9901 (EBS) drop, limits upside

  • We remain short at 0.9995 for 0.9700. EUR/USD Trader TGM2334

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!