Euro (EUR) prolonged its transfer decrease over the previous few classes as geopolitical escalation unnerved sentiments. Pair was final at 1.1450 ranges, OCBC’s FX analysts Frances Cheung and Christopher Wong observe.
Potential double prime sample has shaped
“Bullish momentum reveals indicators of fading whereas RSI fell additional. Potential double prime sample shaped – sometimes related to bearish reversal. Fast help at 1.1420 (21 DMA), 1.1360 (50 DMA) and 1.1280 (23.6% fibo retracement of 2025 low to excessive).”
“We don’t rule out a flush out of stagnant longs as markets re-assess dangers. Resistance at 1.1570, 1.1630 (latest excessive). We stay constructive on the outlook but additionally respect the near-term retracement momentum.”
