TipTVFinance

EUR/USD could have a negative day tomorrow

FX:EURUSD   Euro Fx/U.S. Dollar
Despite the two day winning streak, it is too early to call a short-term bottom in EUR/USD             given that short-term moving averages – 5-DMA and 10-DMA are still sloping downwards.

Also take note of the fact that the bullish tone in the pair today ran out of steam near 10-DMA level of 1.0948.
Furthermore, we need to see at least two daily closes above 1.0931 (61.8% of May high – June low – Aug high) – 1.0937 (61.8% of 1.0517-1.1616).

Given the overall situation on the charts and in the wake of increased odds of Fed rate hike, it is very much likely that sellers could come back tomorrow and push the spot back to near 1.08 handle.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out