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Aug 30 - 01:55 PM

EUR/USD - Longs Struggle With A Key Fibo, 50-DMA

By Christopher Romano  —  Aug 30 - 12:09 PM
  • EUR/USD rallies to a 16-session high of 1.1810 on EBS but gains erode

  • Rally stalls near the 50-DMA, pair then falls below 23.6% Fib 1.2266-1.1664

  • EUR/USD turns flat on the day, daily doji candle forms, implies indecision

  • Investors now await EZ August HICP & PMIs, if upbeat euro could rally

  • Resumption of EUR/USD rally should see 1.1894/1.1909, 1.1965/70 tested

  • For more click on FXBUZ


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Source:
Refinitiv IFR Research/Market Commentary

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