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Jul 28 - 09:55 PM

EUR/USD - Dip Eases Overbought Conditions, Charts Point North

By Andrew M Spencer  —  Jul 28 - 08:20 PM
  • Touch firmer in a low key Asian start, after closing -0.3% on profit taking

  • China and EU to speed up negotiation on investment agreement nL3N2EZ3IH

  • Interesting that EU and China are talking, while China & U.S. shout

  • Techs; daily momentum studies, 5, 10 and 21 daily and weekly MAs climb

  • Bullish trending setup would be undermined by a close below 1.1579 10 DMA

  • Next stop 1.1815-1.1822, September 2018 high and 61.8% 2018-2020 fall

  • 1.1768 upper 21 day Bolli band suggests market is no longer overbought

  • London 1.1699/1.1743 range is initial support-resistance

For more click on FXBUZ


eur jul 29 Click here

Source:
Refinitiv IFR Research/Market Commentary

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