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Apr 11 - 02:55 AM

EUR/USD - Could Be A Key Week For The EUR's Underlying Trend

By Peter Stoneham  —  Apr 11 - 02:00 AM
  • Bear run extended to 1.0832 Monday and closed below the 10DMA

  • The five session low now provides initial support

  • The 10DMA, 1.0893, just stalling early Tues gains

  • A 38.2% Fibo off 1.0517-1.0973 Mar. 15-Apr. 4 climb is at 1.0799

  • Daily momentum poised to flip negative as the underlying bull trend weakens

  • Weekly chart points higher but also showing signs of stalling

  • We hold a neutral view but will set a s/t bear strategy on a sub-1.0832 cls

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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