EUR/USD: A PAUSE AND CORRECTION IN THE RALLY MAY BE APPROPRIATE

avatar
· 阅读量 62

Solid Euro gains saw EUR/USD extend through the low 1.09s before slipping back. Economists at Scotiabank believe that a pause and correction in the rally is due out.

Intraday price action looks weak 

“Broader EUR gains look solid and well supported by bullish-leaning trend oscillators. But intraday price action looks weak and warns of a squeeze higher in the USD.”

“Short-term signals suggest a top/reversal (bearish ‘evening star’) is developing around the daily high at 1.0930.”

“Spot has gained relentlessly from last week’s low just above 1.05 so a pause and correction in the rally may be appropriate.”

风险提示:本文所述仅代表作者个人观点,不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证,对于基于该内容所采取的任何行为,不承担任何责任,除非另有书面明确说明。

喜欢的话,赞赏支持一下
回复 1

暂无评论,立马抢沙发

  • tradingContest