Welcome Guest:
Sign Up
A Data Partner of:
Refinitiv
Sep 20 - 12:12 AM
EUR/USD - Gently Bid, But Strikes Contain And Bias Is Lower
First appeared on eFXplus on Sep 19 - 10:05 PM
  • +0.1% in a slow morning so for FX Asia, risk on - E-mini S&P +0.2%

  • Inside day yesterday, tight 1.0990/1.1095 range this week, strikes contained

  • 1.1000 2.6BLN, 1.1020-25 1BLN, 1.1050 1.1BLN, 1.1100 1.8BLN strikes today

  • Charts are bearish longer term, weekly and Monthly 5, 10 & 21 MAs head south

  • Daily charts show coiling MAs, reflecting the choppy consolidation this week

  • Well tested trend line from June high is pivotal resistance at 1.1082

  • September double bottom at 1.0925 key support - bias is lower

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
!