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Mar 19 - 07:24 AM

EUR/USD - Stuck Below The Daily Cloud, 2020 Low Is In Focus

By Martin Miller  —  Mar 19 - 05:35 AM
  • Spot closed under 1.0947 Fibo -- 76.4% of 1.0778 to 1.1495 (Feb to Mar) rise

  • That is weakening EUR/USD's underlying market structure

  • A break under the 2020 1.0778 low would unmask 1.0738 April 21 2017 peak

  • Offer lowered to 1.0970 ahead of daily cloud base, which is now at 1.0984

  • EUR/USD Trader TGM2334. Previous EUR/USD update nL1N2BB0A1

  • USD/JPY bulls hit a brick wall just ahead of a major Fibo nL1N2BC08F

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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