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Thomson Reuters
Sep 10 - 05:00 AM
EUR/USD - Bear Pressure Increasing Sub-30DMA, Heavy Weeklies
First appeared on eFXplus on Sep 10 - 02:45 AM
  • Bear pressure increasing with a Friday close below the 30DMA, 1.1561
  • Target recent low at 1.1531 and daily kijun at 1.1518
  • Daily momentum has flipped bear side and slow stochs bear cross over
  • Selling into bull adjustments favoured but we wait for stronger signals
  • Close below weekly cloud also strengthening the bear bias
  • Eying weekly tenkan, 1.1525 and 100DMA at 1.1485

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