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TDUX
Sep 04 - 02:55 AM

EUR/USD - Bigger EUR/USD Rise Increasingly Likely

By Jeremy Boulton  —  Sep 04 - 02:25 AM

• EUR/USD lows rising: Jul 13 1.1325, Jul 28 1.1353, Aug 13 1.1512

• This week's low 1.1566

• Pair currently retesting 200-DMA at 1.1634, Friday range 1.1623-33

• Potential for week to end with a bullish close over 200-DMA

• The 21-DMA at 1.1606 may cross above 200-DMA - buy signal

• Traders are short of euros , growing probability of a squeeze


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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