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Jul 01 - 05:55 AM

EUR/USD - Chart Shows A Possible Rejection Of The Downside

By Martin Miller  —  Jul 01 - 03:35 AM
  • EUR/USD bulls have fought back, leaving a long tail on Thur's candlestick

  • That is usually a sign that the downside has been rejected

  • Outlook is in the balance, however, while market is below Wed's 1.0535 high

  • We are looking to get long on near-term dips to 1.0425

  • Expect good support at Thur's 1.0381 (EBS) low, but below would be negative

  • EUR/USD Trader TGM2334. Previous EUR/USD update nL1N2YH0C1

Source:
Refinitiv IFR Research/Market Commentary

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