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Oct 26 - 08:55 PM

EUR/USD - Trading With Heavy Tone As Perceived Top In Place

By John Noonan  —  Oct 26 - 07:08 PM
  • EUR/USD opens 0.13% lower after USD firmed against most majors nL1N2RM286

  • It closed below the 10 and 21-day MAs to give it a bearish tilt

  • Repeated fails to break 1.1670 suggests a short-term top is in place

  • Minor support is at 61.8 of 1.1522/1.1670 move at 1.1578

  • A break below 1.1570 targets a full retracement to 1.1522

  • Resistance is at the 10-day MA at 1.1616 and break eases downward pressure

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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