Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Nov 09 - 11:55 AM

EUR/USD - Dip Buyers Are Taking The Reins Away From Shorts

By Christopher Romano  —  Nov 09 - 10:05 AM
  • EUR/USD fell towards the 55-DMA and rising 10-DMA over the past 3-sessions

  • Dip buyers emerged ahead of those DMAs, happened again Thursday

  • Daily bull hammer candles formed after subsequent rallies when dips bought

  • Latest price action indicates EUR/USD bears are losing control over the pair

  • Rising RSIs, rally after Oct. doji candle reinforce daily tech signals

  • Nov. 6, Sept. 12 highs & 200-DMA, daily cloud top are impediments for longs

  • Break of those impediments may trigger stop loss buying, target 1.0950 area

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved