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Aug 09 - 04:55 AM

EUR/USD - Indecision On The Pullback Points To Upside Risk

By Peter Stoneham  —  Aug 09 - 03:20 AM
  • EUR/USD fell to a five-session low Thurs

  • Price neared the rising 10-Day moving average, 1.0881

  • A bounce ensued and a daily doji candle formed

  • Daily RSI is falling but monthly RSI is rising

  • An offer sits at 1.0960 as we believe a correction in the rally is due

  • Weeklies showing long upper and lower candle shadows

  • Indecision taking hold of the market, clouding direction

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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