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Oct 18 - 02:55 AM

EUR/USD - Indecision Points The Euro Lower This Week

By Peter Stoneham  —  Oct 18 - 01:41 AM
  • Big up day Oct 13 ran into a bout of market indecision Thurs-Frid

  • Doji candles highlighting loss of bullish confidence and momentum

  • Our short play back in the game and looking for 1.1350

  • Oct 4 1.1640 high pivotal topside and our stop placed just above

  • Initial support close to market at 1.1573, 10DMA line

  • Year's low, 1.1522, Oct 12: possible tipping point to Jul 2020 1.14 low

  • 14-day momentum bearish and RSI turning over in neutral territory.

    For more click on FXBUZ








EUR/USD Trader

EUR/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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