- EUR/USD remains depressed at the lowest level in a week after breaking the key DMA support.
- Bearish MACD signals, steady RSI line add strength to downside bias.
- Convergence of 100-DMA, fortnight-old descending trend line appears short-term key support.
- Euro bulls should remain cautious below two-week-long resistance line.
EUR/USD holds lower grounds at the weekly bottom surrounding 1.0850 amid the early hours of Thursday in Asia. In doing so, the Euro pair justifies the previous day’s closing beneath the 50-DMA, the first clear break in three weeks, while also keeping the bears on the table after a three-day downtrend.
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