October 17, 2024 10:20 GMT
FOREX: Bearish Euro Momentum in Focus Ahead of ECB
FOREX
- The EURUSD selloff has picked up following Tuesday’s daily close below the 1.0900 handle, compounded by the subsequent break of 1.0881 Fibonacci support. Overall bearish trend momentum remains firmly intact, albeit at a gradual pace, and spot has reached a fresh two and a half month low at 1.0849. In the attached document, we look at the most relevant technical levels for several EUR crosses:
- FX Market Analysis - EUR 17-10.pdf
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