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EUR/USD closed higher on Thursday while extending the trading range of the past three weeks. The mid-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI remain neutral to bearish signalling that additional weakness is possible near-term. If it extends the decline off July's high, July's low crossing is the next downside target. Closes above the reaction high crossing are needed to renew the rally off July's low.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
