#EURUSD @ 1.07716 : Risks are skewed towards further pullback – OCBC
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
EUR/USD extended its pullback amid broad Dollar strength, which came on the back of strong US data. Economists at OCBC Bank expect the world’s most popular currency pair to continue struggling for now.
“Daily momentum turned mild bearish while RSI fell. Risks are skewed towards further pullback.”
“Support at 1.0760, 1.0680 (50DMA, 23.6% fibo retracement of September low to February high).”
“Resistance at 1.0830 (21 DMA), 1.0940 and 1.1040 (recent high).”
See – EUR/USD: Support around 1.0730-1.0750 would be a welcome development for bulls – ING
[/s2If]
Join Our Telegram Group
