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Aug 31 - 04:55 PM

EUR/USD - Mixed Signals Emerge But Longs Have A Slight Advantage

By Christopher Romano  —  Aug 31 - 03:11 PM
  • EUR/USD rallies to an 18-session high after the daily cloud base is pierced

  • Upward momentum wanes, pair falls below the 50-DMA, 23.6% Fib 1.2266-1.1664

  • EUR/USD up on the day but a daily inverted hammer candle is in place

  • Daily RSI is rising though and monthly bull hammer candle in place for Aug.

  • 10-DMA is rising, is near crossing above the 21-DMA which is a bull sign

  • August ADP & US employment data risks loom, if upbeat EUR/USD might fall

  • For more click on FXBUZ


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Source:
Refinitiv IFR Research/Market Commentary

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