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Jun 25 - 02:55 AM

EUR/USD - Chart Points To A Bearish Resumption In Coming Sessions

By Martin Miller  —  Jun 25 - 02:11 AM
  • We remain short at 1.1920 in anticipation for a bearish resumption

  • Recent recovery has been capped ahead the cloud base that remains at 1.1975

  • Bull trap set when a market breaks above a tech level but quickly reverses

  • Spot recently failed to register a daily close above 1.1946 Fibo: bull trap

  • 1.1946 Fibo is a 23.6% retrace of 1.2266 to 1.1847 (May to June) drop

  • Using a simple option to insure against a EUR/USD drop nL2N2O60LV

  • EUR/USD Trader TGM2334. Previous update nL2N2O60F0

Daily Chart: Click here

Refinitiv IFR Research/Market Commentary


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