Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Oct 13 - 01:55 PM

EUR/USD - Key Fibo Is Threatened, Troubling Signs Emerge For Longs

By Christopher Romano  —  Oct 13 - 12:10 PM
  • Bearish signals are increasing today after Monday's EUR/USD drop

  • Pair falls sharply below the 55-DMa & trend line off the Sep 28 low

  • The 10- and 21-DMAs get pierced & daily RSI implies bear momentum grows

  • Another bear sign is the long upper wick on October's monthly candle

  • 50% Fibo of 1.16125-1.18315, Oct 7 daily low are now threatened

  • Break of those supports puts 1.1685/95 support in play

  • For more click on FXBUZ







eur/usd 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
© 2020 eFXdata · All Rights Reserved
!