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Oct 31 - 01:55 PM

EUR/USD - Rally Sellers Lean On Bearish Signals

By Christopher Romano  —  Oct 31 - 11:40 AM
  • EUR/USD rallied above the daily cloud top overnight but gains were erased

  • Pair turned negative and fell below the 10- & 55-DMAs, 4-session low hit

  • Drop follows Friday's doji, daily RSI falling; are s-t bearish signals

  • Oct. 25 daily low, 21-DMA and the daily cloud base are supports below

  • Break of those supports likely to trigger stops, see 0.9700 area targeted

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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