Welcome Guest:
Sign Up
A Data Partner of:
Refinitiv
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

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
!