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Oct 15 - 03:55 AM

EUR/USD - FX Traders Might Consider The Breakout

By Peter Stoneham  —  Oct 15 - 02:20 AM
  • Weight just with the bears and breakout risk below Oct 2 1.1696 Doji low

  • The daily cloud parameters key trigger points, 1.1600-1.1873

  • We are short for 1.1670 from 1.1795 with a 1.1876 stop

  • A risk price pans out sideways towards a Nov 5 1.1760-1.1777 cloud twist

  • Weeklies offer little more in terms of direction but on-balance bearish

  • Next major Fibo off 1.0636-1.2014 comes at 1.1488, 38.2%






EUR/USD Trader

EUR/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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