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EUR/USD gains short lived, spike sold as bears lurk

Source: Thomson Reuters EUR/USD up near 1.0570 as USD sold-off on JPY strength Gains short lived spike sold, USD recovers, specs sell, more sellers 1.0580/00 lurk RSIs biased down & spreads widen a bit raising downside r…

By Jay L. Zagorsky
1 min read
EUR/USD gains short lived, spike sold as bears lurk
Image from the original EconoTimes article

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Source: Thomson Reuters


  • EUR/USD up near 1.0570 as USD sold-off on JPY strength 

  • Gains short lived spike sold,  USD recovers, specs sell, more sellers 1.0580/00 lurk

  • RSIs biased down & spreads widen a bit raising downside risks, 10-DMA cross below 21-DMA also supports 

  • Talk of 1.05 barriers, if cleared 2015 low next support, stops below there

  • Jan '03 low next support below-1.0450/60 

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