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Thomson Reuters
Aug 02 - 09:48 PM
EUR/USD - Breakout Targets 1.1510, As Signals Turn Negative
First appeared on eFXplus on Aug 02 - 07:30 PM
  • Fraction softer after closing -0.6% - USD led on US/China trade tension
  • Close outside the pennant in place since mid June targets a 1.1510 test
  • Fall leaves momentum studies, 5, 10 & 21 DMAs edging lower - negative setup
  • NY 1.1633 high then early European 1.1654 high first resistance
  • 1.1575 July base the 1.1527 June 28 low initial supports
  • 1.1600 583M, 1.1650-60 402M & 1.1700 1BLN strikes cap

eur aug 3 Click here

Source:
Thomson Reuters IFR Markets

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