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Mar 18 - 01:55 PM

EUR/USD - Signals Change Quickly, Longs Now Concerned

By Christopher Romano  —  Mar 18 - 11:52 AM
  • Wednesday's Fed induced rally stalls near 38.2% Fib of 1.2244-1.1836

  • EUR/USD falls from today's 1.1989 EBS high, turns -ve, pierced the 10-DMA

  • Daily RSI diverges on today's high, monthly RSI path downward continues

  • EUR/USD rally off the March low now look more like a corrective bounce

  • Break of rising short-term trend line now looks highly probable

  • Test of 200-DMA, March monthly low would follow if break does occur

  • A break of the March low could lead bears to target key support near 1.1600

  • For more click on FXBUZ

eur/usd Click here

Refinitiv IFR Research/Market Commentary


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