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Aug 26 - 03:55 AM

EUR/USD - Chart Shows Spot Will Likely Make Gains To 2023 High

By Martin Miller  —  Aug 26 - 02:45 AM
  • EUR/USD remains on course for bigger gains to retest the 2023 1.1276 high

  • Fourteen-day momentum remains positive, highlighting the bullish market

  • Positive alignment of the tenkan and kijun lines, which is also bullish

  • Interim support at Thursday's 1.1098 low, which should limit corrections

  • We are looking to get long on dips to the 1.1110 level

  • EUR/USD Trader TGM2334. Previous update nL1N3KA088

Source:
Refinitiv IFR Research/Market Commentary

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