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Sep 27 - 05:00 AM
EUR/USD - Creeping Decline Means EUR/USD Support Is Doomed To Fail
First appeared on eFXplus on Sep 27 - 02:40 AM
  • EUR/USD is at year lows but has taken a long time to get there

  • Creep down over last five sessions to cover 1.0966-1.0904 nL2N26I04U

  • Such slow progression is bad news if defending an option barrier

  • Chances of a bounce are reduced, a big bounce is very unlikely

  • Successful barrier defence depends on ability to sell any euros purchased

  • Without a rally defenders cannot hold barriers for long, if at all

EUR/USD daily Click here

Refinitiv IFR Research/Market Commentary


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