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Jun 21 - 04:55 AM

EUR/USD - Weekly EUR/USD Cloud Will Have Big Influence

By Jeremy Boulton  —  Jun 21 - 02:48 AM
  • EUR/USD finds support at peak of weekly Ichimoku cloud

  • Last week's EURUSD low 1.1847 cloud top 1.1833

  • This week's low 1.1848 EBS, cloud top 1.1867

  • Cloud top rising steadily to reach 1.2063 by end-July

  • Potentially cloud could support slowly rising ranges this summer

  • More probable ranges drop from prior 1.19-22 closer to 1.17-20

  • EUR/USD unlikely to drop below cloud base 1.1473 and 100-WMA 1.1501

  • Slumping U.S. yields suggests USD will soon lose bullish momentum





EURUSD weekly Click here

U.S. yields Click here

Source:
Refinitiv IFR Research/Market Commentary

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