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Sep 28 - 10:55 PM

EUR/USD - Resilient, But USD Strength And Charts Point Lower

By Andrew M Spencer  —  Sep 28 - 08:40 PM

  • Steady after closing off 0.1%, resilient as risk sensitive currencies fell

  • Europe and China must continue talking despite disagreements nL8N2QU5MX

  • EU trying to steer a softer course with China as a major trading partner

  • Charts; momentum studies slip, 10 & 21 day moving averages fall

  • 21 day Bolli bands expand - bearish signals build while 1.1715 10 DMA caps

  • Negative bias for a break of 1.1664 August low then 1.1602 November low

  • NY 1.1668-1.1701 range is initial support and resistance

  • 1.1700 997 MLN are Tuesday's close significant strikes

    For more click on FXBUZ


eur Sep 29 Click here

Source:
Refinitiv IFR Research/Market Commentary

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