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Oct 23 - 04:55 AM

EUR/USD - The Last Time EUR/USD Was This Over Sold Was September 2023

By Peter Stoneham  —  Oct 23 - 02:55 AM
  • New trend low of 1.0792 and 10DMA drops under the 200DMA

  • Over sold RSI reading: clear below 30 and lowest since Sept. 2023

  • EUR eyes August 1.0778 low but rebound risk is high

  • Trend could stand a run back to the 200DMA, today at 1.0871

  • A November 18 1.0998-1.1018 cloud twist might add to the correction risk

  • Early Wed action suggest consolidation might ease some of the o/s condition

  • EUR/USD trading page TGM2334

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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