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Thomson Reuters
Feb 11 - 05:00 AM
EUR/USD - Major Support Close By, Might Tempt Bulls
First appeared on eFXplus on Feb 11 - 02:50 AM
  • Bear bias holding and a marginal close under the 200WMA adds to the trend
  • However, daily stochs are over sold and with a hint of bull divergence
  • Key supp. close by, 30DMA lower Bolli 1.1296 and 2019 low at 1.1289
  • Tempted to put on a long at market (1.1323) but will await stronger signals
  • Weekly action rangy and will take a drop under 1.1289 to trigger a breakout
  • Trend points to 1.1230 on the week but with heightened risk of a rebound

EUR/USD Trader

EUR/USD Daily Ichimoku Chart: Click here

EUR/USD Weekly Chart: Click here

Source:
Thomson Reuters IFR Markets

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