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Apr 08 - 03:55 AM

EUR/USD - Opposing Signals Cancel Out; Market More Balanced

By Peter Stoneham  —  Apr 08 - 02:55 AM
  • EUR/USD fell below the daily cloud base, 1.0810, Friday

  • Weakness short lived and a rally to flat on the day, 1.083750 seen

  • A long legged daily doji formed which gave warning to bears

  • Thurs gravestone doji cancelled out: market looking more balanced Monday

  • Price back inside the daily cloud but down on the day

  • Risk of sideways action but potential to rise with the cloud

  • Key levels at 1.0876 and 1.0792: Thur-Frid high low

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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