Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Nov 30 - 04:55 AM

EUR/USD - Chart Is Omitting Conflicting Signals

By Martin Miller  —  Nov 30 - 02:59 AM
  • EUR/USD remains at risk from a bear trap that has been set under 1.1290 Fibo

  • 1.1290 Fibo is a 61.8% of the 1.0636 to 1.2349 (2020 to 2021) rise

  • Bear trap: market breaks below a tech level but then reverses = bullish

  • But negative alignment of the tenkan and kijun lines is bearish

  • Looking to get short at 1.1340, but we are mindful that the outlook is mixed

  • EUR/USD Trader TGM2334. Previous update nL1N2SK00J

  • Two signs the dollar's rise might be coming to an end nL1N2SK0KP

Daily Chart: 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
© 2022 eFXdata · All Rights Reserved
!