By Peter Stoneham — Apr 17 - 09:35 AM
Tempted early in the session to short the EUR and cross has fallen
Potential for a key day reversal, higher high, lower low and a weak close
A close back below the 55DMA also on the cards
False break above a very thin Ichimoku cloud also in play
Today's 0.8863 high just shy of the 0.8864 Mar. 23 peak
We lean at the converged 10 and 21, and 100-day moving averages, 0.8792-95
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary