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Aug 23 - 03:55 AM

EUR/USD - August 13 Failure High Pivotal This Week

By Peter Stoneham  —  Aug 23 - 02:27 AM
  • On the corrective rebound from last week's 1.1664 2021 low

  • Just being held by the 10DMA, 1.1727: fresh downside risk while below today

  • Minimum correction off 1.1909-1.1664 cleared at 1.1722, next retrace 1.1758

  • Could see offers set in approaching 1.1800: 1.1804 the Aug 13 peak

  • However, breach of 1.1787, 50% Fibo might open up a stronger adjustment

  • Euro still in trouble on the weekly chart: this week could be pivotal

    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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