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Oct 14 - 03:55 PM

EUR/USD - Meager Bounce Should Not Comfort Longs

By Christopher Romano  —  Oct 14 - 01:40 PM
  • Pair pierces 50% Fib of 1.16125-1.18315 in Europe's am, 1.17185 EBS low set

  • Bounce ensues, NY opens near 1.1735, upbeat risk extends lift nL1N2H50JS

  • 10-DMA gets pierced & 1.1771 trades on EBS but sellers emerges

  • Equities turn lower while US$ & yen buyers emerge, EUR/USD nears 1.1745

  • Pair sits near 1.1750 late in the session to leave it up only small

  • Daily doji candle suggests indecision, recent fall might resume

  • Meager bounce & downside risks nL1N2H50TY should worry EUR/USD bulls

  • For more click on FXBUZ




eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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