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Dec 08 - 01:55 PM

EUR/USD - Dip Buyers Win The Battle But The War Lingers On

By Christopher Romano  —  Dec 08 - 12:06 PM
  • EUR/USD fell to a 7-session low Tuesday but dip buyers emerged

  • After 1.1228 traded on EBS Tuesday a sharp bounces ensued

  • A daily bull hammer formed, a rally follows the hammer Wednesday

  • Daily RSI is rising & a monthly long-legged doji candle forms

  • Bullish tech signals are building but a big bear signal remains

  • Consolidation of l-t bear trend intact as 1.1200-1.1400 range holds

  • Clear & sustained break of range base implies next down leg is underway

  • For more click on FXBUZ

eurusd Click here

Refinitiv IFR Research/Market Commentary


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