Technicals

Add as a preferred source on Google

EUR/USD slide's pace likely to be tempered pre-Fed

Source: Thomson Reuters EUR/USD slide's pace likely to be tempered pre-Fed, but long-term bear trend solid Momentum studies oversold & need unwinds as pair nears key long-term pivot Pace DE-US spread widening slows, mark…

1 min read
EUR/USD slide's pace likely to be tempered pre-Fed
Image from the original EconoTimes article

Read the original article

Source: Thomson Reuters


  • EUR/USD slide's pace likely to be tempered pre-Fed, but long-term bear trend solid 

  • Momentum studies oversold & need unwinds as pair nears key long-term pivot

  • Pace DE-US spread widening slows, market positioning still very short
  • 1.0350/1.0450 pivot, likely holds 1st test, profit-taking likely slows long-term slide

  • If Fed disappoints USD bulls a decent squeeze might then take hold

Related articles

View all
Technicals

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