eFXData

eFX Apex

The Institutional-Grade Data Hub

  • Plus: Discretionary Trades
  • Edge: Sentiment Trades
  • Alpha: Systematic Trades
  • Apex: Full Big Data Stream
TDUX
Aug 31 - 08:55 AM

EUR/USD - Recovers But Bears Stay In Control 

By Robert Fullem  —  Aug 31 - 07:55 AM

• EUR/USD rebounds at month-end after its worst daily loss in more than two months

• Hawkish Fed repricing after Chair Warsh Friday and higher oil keeps bears in control

• Nearby support seen at the Aug. 19 low of 1.1568 and the 100-DMA at 1.1570

• Large option expiries between 1.1600 and 1.1700 may cap any rebound on Monday

• Techs lean bearish due to series of lower highs and position below the 5-DMA

• A break below 1.1550-60 would expose the 1.1500 level

• Resistance is at 1.1660, ahead of the 1.1710-11 August double top
EUR


(Robert Fullem is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters
By continuing to browse our site, you agree to our use of cookies, Privacy Notice, and Terms of Service.
© 2026 eFXdata · All Rights Reserved