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Sep 09 - 02:55 AM

EUR/USD - Bullish Feel But EUR/USD Has Much To Do To Blunt Downtrend

By Jeremy Boulton  —  Sep 09 - 02:30 AM
  • EUR/USD trades 0.9993-1.0084 EBS in Asia after NA closed 0.9999

  • Pair has traded a series of rising daily lows (bullish)

  • Sep 9 pair rises into upper-half 20-day Bollinger Bands 1.0174-1.0016

  • This year the 55-DMA and daily cloud have capped recoveries

  • 55-DMA currently 1.0155 and daily cloud 1.0207-1.0370, Aug high 1.0369

  • Immediate resistance at Aug 19/26 peaks 1.0095/90

Source:
Refinitiv IFR Research/Market Commentary

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