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55-DMA caps EUR/USD overnight gains, sub-1.07 levels likely

Overnight gains capped by 55-DMA, long upper wick forms on daily candle RSIs biased down & no divergence, yield spread edge further in USDs favor Late April lows near 1.0660 looks very doable now Above 1.1050/60 needed t…

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  • Overnight gains capped by 55-DMA, long upper wick forms on daily candle

  • RSIs biased down & no divergence, yield spread edge further in USDs favor

  • Late April lows near 1.0660 looks very doable now

  • Above 1.1050/60 needed to ease immediate bear pressure

  • Apr 24 low (1.0785) & cloud base (1.0736) lend some support

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560