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Aug 23 - 02:55 AM

EUR/USD - Trend Strengthening But Rebound Risk Also Increasing

By Peter Stoneham  —  Aug 23 - 02:20 AM
  • EUR/USD fell to a 20-year low Mon after breaking July's monthly low

  • Daily-weekly momentum readings confirm latest price drop to 0.9913 (EBS)

  • Daily RSI is over sold and rebound risk high

  • We offer by 0.9965 for 0.9850-60 minimum

  • L/t bear trend from May 2021 eyes monthly 0.9600 congestion lows from 2002

  • Little major support below here until 0.8350 July 2001 low

    For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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