By Jeremy Boulton — Feb 17 - 03:15 AM
Thursday saw EUR/USD break into daily Ichimoku cloud 1.0675-1.0299
Friday's range 1.0674-1.0630 EBS unfolds below cloud top
Traders are sitting on a lot of profitable long positions nL1N34W0Q1
Profit taking likely to fuel a deeper drop
Target for minor correction Sep-Feb gain is 1.0459
Drop might approach cloud base which is close 1.0281, 50% Sep-Feb rise
USD rise heightens risk for emerging market currencies nL1N34X0GS
Source:
Refinitiv IFR Research/Market Commentary