Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jun 03 - 06:55 AM

EUR/USD - Long Upper Candle Shadow Highlights Demand Fade

By Peter Stoneham  —  Jun 03 - 05:25 AM
  • EUR gained last week but a long upper shadow Frid hurt the bullish outlook

  • Our long remains in play but progress is elusive

  • The 1.0890/00 area continues to be resistance

  • Daily-monthly RSIs are rising and the pair trades above the 10 and 21-DMAs

  • A June 19 1.0789-72 cloud twist could begin to drag on the EUR

  • Conflicting signals but we continue to target 1.0960

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!