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Aug 18 - 02:55 AM

EUR/USD - Downside Potential Grows But Slow Side Remains Likely

By Jeremy Boulton  —  Aug 18 - 02:29 AM
  • EUR/USD 20-day Bollinger bands are turning down slightly

  • Now 1.1679, 1.1792 lower bands will allow for a slightly deeper drop

  • Volatility at 5.3 suggests moves will unfold slowly

  • Creeping decline as traders continue to pare bullish bets likely

  • Close below 1.1695 (38.2% 2020-21 rise) will energise sellers

  • 50% same move at 1.1492 is next big target





EURUSD Click here

EURUSD weekly Click here

Source:
Refinitiv IFR Research/Market Commentary

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