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Oct 16 - 02:55 AM

EUR/USD - Set For A Damaging Close On The Week

By Peter Stoneham  —  Oct 16 - 02:15 AM
  • Last week's rally fully retraced: close sub-1.17 would be damaging

  • Daily studies beginning to lose influence of Sept 25-Oct 9 bull run

  • Trend supp. off the Sept low stalling this week's fall at 1.1687

  • Our 1.1795 short nicely on-side and profit locked

  • Major tipping point now 1.1600: cloud base and 100DMA

  • Nov 5 1.1760-76 cloud twist could slow a further decline







EUR/USD Trader

EUR/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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