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EUR/USD fell for an eighth consecutive week: Asian Open – 11/09/2023

From forex.com

ASX 200 at a glance: • The ASX 200 declined for a fourth day on Friday and erased most of the prior week’s gains • However, prices are holding above the bullish trendline projected from the March 2020 low • If the ASX 200 manages to rally today, 7200 makes a likely resistance area given the 200-day EMA sits just above it EUR/USD technical analysis (daily chart): EUR/USD declined for an eight consecutive week, which is its most bearish sequence in nine years. Yet the daily chart shows signs of stability above 1.07 with an inverted pinbar, and as I’d prefer not to be shorting around cycle lows I’d like to see a bounce ... (full story)

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  • Category: Technical Analysis