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Oct 15 - 01:55 PM

EUR/USD - Rally Sellers Still Dominate

By Christopher Romano  —  Oct 15 - 12:19 PM
  • EUR/USD rallies overnight but halted near the Oct 14 high & 21-DMA

  • Sellers emerged on the pair gave back all of the overnight gains

  • EUR/USD is now down small on the session & a daily inverted hammer forms

  • Long upper wicks on recent daily candles imply rally sellers are in charge

  • EUR/USD shorts need below the 10-DMA, 1.1565/75 zone for greater control

  • Move through those supports suggests October's low is in play

  • For more click on FXBUZ

eurusd Click here

Refinitiv IFR Research/Market Commentary


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