Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Feb 28 - 05:55 AM

EUR/USD - Daily Chart Conflicting Signals Highlight Indecision

By Martin Miller  —  Feb 28 - 03:35 AM
  • EUR/USD daily "cloud twist", circa 1.0930 this Friday, could attract spot

  • Recently spot failed under the 1.0712 Fibo, setting up a "bear trap"

  • 1.0712 Fibo is a 61.8% retrace of the 1.0448-1.1139 (Oct to Dec) EBS rise

  • Bear trap: when spot breaks below a tech level but reverses and is bullish

  • However a big upper shadow on last Thursday's candle = an upside rejection

  • EUR/USD Trader TGM2334. Previous update nL2N3FC0H0

  • Dollar chart points to a large slump in coming sessions nL2N3FB350

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!