Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Feb 26 - 08:36 PM

EUR/USD - Bid, But Fundamentals Cap - 1.0900-50 A Sell Zone

By Andrew M Spencer  —  Feb 26 - 07:05 PM
  • Flat after closing little changed, but a fourth higher daily high and low

  • EU nL5N2AQ67X& UK nL5N2AQ7TJ have polarized positions into trade talks

  • The fundamental disagreements open the door to a hard Brexit in 2020

  • Expanding coronavirus, soft EZ economy and Brexit talks uncertainty to cap

  • Charts - sustained break of 1.0839 10 DMA - bullish 5 & 10 DMA cross

  • Rise leaves short term supportive signals within the primary downtrend

  • Close above 1.0954, 38.2% of the Dec-Feb fall needed to undermine trend

  • Shorts above 1.0900 with a stop around 1.0970 provide value for bears

eur feb 27 Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2020 eFXdata · All Rights Reserved
!