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Aug 12 - 02:55 AM

EUR/USD - Overhanging Doji Paints Dark Outlook

By Ewen Chew  —  Aug 12 - 01:40 AM
  • EUR/USD sputtered in Asia Wednesday after failed rally Tues

  • Long-tailed doji imposes bleak outlook in near-term

  • But 20 DMA support at 1.1689 on EBS could provide a floor

  • If that gives way, slide to Bollinger band 1.1545 may be due

  • USD propped up by higher US yields before huge Treasury auction Wed

  • Another tumble in gold prices fanned USD updraft in majors

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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