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Nov 11 - 04:55 AM

EUR/USD's Downward Pressure Limited By Daily Cloud

By Martin Miller  —  Nov 11 - 02:35 AM
  • Despite the bearish engulfing pattern that formed on the EUR/USD chart

  • EUR/USD's downward pressure has so far been limited by daily support

  • The daily cloud currently spans the 1.1740-1.1813 region

  • A break above the Monday 1.1920 peak would brighten EUR/USD's outlook

  • We are long at 1.1805 in anticipation for a bull resumption to 1.2010

  • EUR/USD Trader TGM2334. Previous update nL1N2HW0EX

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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