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Apr 01 - 02:55 AM

EUR/USD - Techs Give Strong Indication EUR/USD Goes Down

By Jeremy Boulton  —  Apr 01 - 02:12 AM
  • EUR/USD has posted series of eight lower daily highs

  • Today's 1.1732-14 range EBS is a big step down (1.1760 May 31)

  • 20-day Bollinger at 1.1690 has been limiting the decline

  • 2021 low to date is 1.1704, 1.1695 is 38.2% rise form Mar 2020 low

  • Pair closed yesterday below 100-MMA at 1.1805 which reverts to resistance

  • EUR/USD dropped 28.3% after a similar false 100-MMA break in 2013

  • EUR/USD dropped 15.3% after failing to break 100-MMA in 2018





EUR/USD Click here

EUR/USD monthly Click here

Source:
Refinitiv IFR Research/Market Commentary

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