Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Oct 28 - 01:55 PM

EUR/USD - Dip Buyers Reign, Likely To See Big Gains

By Christopher Romano  —  Oct 28 - 12:28 PM
  • EUR/USD fell below the 21-DMA & hit 1.1582 on EBS, set an 8-day low

  • Dip buyers emerge however & an intense rally ensues, pair turns positive

  • EUR/USD climbs above 10 & 21-DMAs, 38.2% Fib of 1.1909-1.1522, OCt 19 high

  • Daily bull engulfing candle forms, monthly bull hammer candle also forms

  • Rising daily, monthly RSIs imply upward momentum is in place

  • EUR/USD longs now likely target the thin daily cloud which sits 1.1775/87

  • For more click on FXBUZ




eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!