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Aug 24 - 09:55 PM

EUR/USD - Cracks 200Dma; Eyes 1.0760 Trendline Support Next

By Catherine Tan  —  Aug 24 - 08:25 PM
  • EUR/USD heavy, clean break below 1.0802 200dma adds to selling pressure

  • Pair slips to 1.0791 low early but bounces back to 1.0797-01 last

  • EUR entrenched in bearish outlook - techs and fundamentals weigh

  • Bullish outlook in DXY to add to pressure in the EUR

  • Next support at 1.0760 - trendline from low on Mar 15

  • EUR/USD traded 1.0791-1.0815 range so far

  • Related nL1N39Z06Q

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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