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Oct 23 - 01:55 PM

EUR/USD - Bulls Are Buying The Dip

By Christopher Romano  —  Oct 23 - 12:05 PM
  • EUR/USD rallies capped near 61.8% Fibo of 1.2014-1.16125 but dips get bought

  • Pair dips below the 55-DMA overnight but the 10-DMA stems the slide

  • The ensuing rally leads to the cloud top getting pierced again

  • Slight pull back from high but daily, monthly RSIs imply upside risks

  • Cloud top falls next week, might provide another dip buying opportunity

  • 1.1890/1.1900, 1.1915/30 zones are impediments for EUR/USD bulls

  • Break of the latter likely leads to test of September's monthly high

  • For more click on FXBUZ


eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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