EUR/USD Hesitating at 1.09
The world's most widely-traded currency pair has seen a big bullish run over the last 2+ weeks, but today's price action shows some hesitation around the 4-month highs at 1.0900.
The combination of a daily doji candle (in progress) and relatively stretched RSI and MACD oscillators hints at a pullback if tomorrow's US Retail Sales report can beat expectations. To the downside, the next logical level to watch would be at the convergence of the 50- and 200-day moving averages near 1.0800.
-MW
The combination of a daily doji candle (in progress) and relatively stretched RSI and MACD oscillators hints at a pullback if tomorrow's US Retail Sales report can beat expectations. To the downside, the next logical level to watch would be at the convergence of the 50- and 200-day moving averages near 1.0800.
-MW
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