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Jul 28 - 02:55 AM

EUR/USD - Chart Is Pointing To A Bearish Resumption

By Martin Miller  —  Jul 28 - 02:14 AM
  • Tenkan and kijun lines are negative aligned, reinforcing the overall bias

  • Scope for a bearish resumption towards the 1.1695 Fibo

  • 1.1695 Fibo is 38.2% of the 1.0636 to 1.2349 (2020 to 2021) (EBS) rise

  • 1.1695 is where solid support might return

  • Looking to get short at 1.1835 in anticipation for a bearish resumption

  • EUR/USD Trader TGM2334. Previous update nL1N2P309X

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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