BUZZ-Traders may see this as the point to sell EUR/USD

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* EUR/USD dropped 1.0937-1.0332 in November * Rebound to 1.0587 met minor target - 38.2% - to correct that drop * Oversold situation barring deeper losses has been alleviated * Death Cross sell signal - 55-DMA dropping under 200-DMA * After buying this week traders less prepared for a drop * Surging energy prices will weigh euro urn:newsml:reuters.com:*:nL2N3N0073 urn:newsml:reuters.com:*:nL2N3N005Y * FX markets may be caught in a vicious circle next year urn:newsml:reuters.com:*:nL5N3MZ0NG * <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ EURUSD https://tmsnrt.rs/3ZqzZ1P ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Jeremy Boulton is a Reuters market analyst. The views expressed are his own) (([email protected]))
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Published Date
29 Nov 2024 at 4:52 PM
Publisher
Refinitiv
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