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Nov 26 - 02:55 AM

EUR/USD - Bulls May Have To Ride Out A Pullback

By Peter Stoneham  —  Nov 26 - 02:05 AM
  • Price tracking the 30DMA upper Bolli higher and eyes much touted 1.20 level

  • 14-day positive momentum beginning to fade and RSI near over bought levels

  • Sept 1.2014 high possibly a level too far without an adjustment

  • We have a bid by 1.1820 to capture any deeper correction

  • Mid-Dec cloud twist could begin to drag on price: 1.1761-65

  • Weekly action strong and poised to close above 1.1920 Sept 11 high









EUR/USD Trader

EUR/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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