SPOT EURUSD - temporary switch to technicals
Against a background of cautiously positive weekly signals for sentiment, Monday saw the decline from last week's high deepen. Net losses, in quiet trading, were not extensive with move back to the 13 day mvg avg not strong enough to break below. This means that immediate studies cannot be strong but with Asia attracting selling interest, the intraday bias is assessed as negative. The move is still likely to be temporary but this morning’s call is a Sell but leaving room to Sell any Rally to 1.1801, Asia’s high. The risk is yesterday's 1.1826 top with an immediate target of 1.1760. A move through that point then exposes sentiment to 1.1740, Oct 10th open, or even last week's 1.1717 low.
3cAnalysis – live analysis that improves trading performance. Our analysis is highly respected by major Institutions throughout the UK and Europe. We set the standards for high end, live, independent technical analysis research across 3 asset classes and 3 time frames and with exceptional directional success over more than 9 years.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.