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TDUX
Aug 14 - 02:55 AM

EUR/USD - Bullish Signal Could Spur Short Covering

By Jeremy Boulton  —  Aug 14 - 02:24 AM

• Traders who often follow techs are short of euros

• The 21-DMA is crossing above 55-DMA - bullish

• Shallow dip to 1.1512 from Aug high at 1.1580 - bullish

• EUR/USD yet to close above 100-DMA 1.1567

• Targets for a break: 1.1599, 1.1626, 1.1652

• FX calm may create two winners and two losers


EURUSD


(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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