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Aug 26 - 03:55 AM

EUR/USD - Consolidation With Increasing Bearish Risk

By Peter Stoneham  —  Aug 26 - 01:45 AM
  • EUR consolidating losses from August 10 1.0369 high: EBS pricing

  • Forming a potential daily bearish continuation pattern

  • Breakout point comes in just below today's 0.9960 low

  • Pattern negated above 1.0033 Thursday high

  • 14-day momentum confirming downside bias but RSI sideways in o/s territory

  • Weekly lower Bolli just holding the price but chart remains bearish

  • We stand aside for now

    For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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