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Apr 20 - 03:55 AM
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EUR/USD - Close In Relation To Ichimoku Cloud May Determine Direction
By Jeremy Boulton — Apr 20 - 02:30 AM
• Continuing Iran war drags EUR/USD down after peace hopes sparked rise
• EUR/USD drops from 1.1849 Friday to 1.1729 on Monday
• Overbought situation (pair rose to 1.1850 top 20-day Bollingers) unwound
• Traders have flipped back to betting on the euro rising
• Close in relation to daily cloud top at 1.1750 may determine next move
• Pair has rebounded to the cloud top following drop to Monday's low
•
EURUSD
(Jeremy Boulton is a Reuters market analyst. The views expressed
are his own)
Source:
London Stock Exchange Group | Thomson Reuters