Welcome Guest:
Sign Up
A Data Partner of:
Refinitiv
Sep 12 - 09:48 PM
EUR/USD - Potential 1.1025 Base After A Bullish Outside Day
First appeared on eFXplus on Sep 12 - 07:40 PM
  • Flat after closing +0.5% - ECB delivered, but shorts squeezed nL5N2630ZT
  • Bullish outside day needs a close above yesterday's 1.1087 high to validate
  • Weekly and monthly charts trend south - close important for next week
  • Double bottom above 1.0925 and close above 1.1054 21 DMA is positive
  • Potential longer term base in place on a strong close above 1.1100
  • 1.1111, 38.2% of the June/September fall is initial significant resistance
  • 1.1026, 38.2% of yesterday's bounce and 1.1087 NY high support/resistance

eur sep 13 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
!