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Aug 05 - 07:55 PM

EUR/USD - Mid Range Ahead Of U.S. Payrolls, Strikes Contain

By Andrew M Spencer  —  Aug 05 - 07:09 PM

  • Steady after closing a touch softer, in a tight range ahead of U.S. payrolls

  • Climate change front and centre, as Athens struggles with fires nL1N2PC0F2

  • Charts; 5, 10 & 21 daily moving averages and momentum studies conflict

  • 1.1898 horizontal upper 21 day Bolli band is first resistance and caps

  • 21 day Bollinger bands are a good indicator of an over extended price

  • 1.1825 21 daily moving average is first support and under pressure

  • Break of 1.1825 would target 1.1752 July low and lower 21 day Bolli band

  • 1.1800 1.125BLN, 1.1825 645M, and 966M 1.1875/00 are the close strikes

For more click on FXBUZ


eur aug 6 Click here

Source:
Refinitiv IFR Research/Market Commentary

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