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Jan 24 - 03:48 AM

EUR/USD - Bearish EUR/USD Closes Under Cloud, 1St Time Since November

By Martin Miller  —  Jan 24 - 02:20 AM
  • EUR/USD has closed below the cloud for the first time since November

  • Slammed Thurs, causing a daily close below cloud base, now at 1.1086

  • EUR/USD also managed to register a daily close under the 1.1060 Fibo

  • 1.1060 Fibo is 50% of the 1.0879 to 1.1240 (October to December) rise

  • Scope for further losses to 1.1017 Fibo, 61.8% of same 1.0879-1.1240 gain

  • Upside blocked by cloud top nL1N29S0L7. EUR/USD trader TGM2334

  • EUR/USD close under the cloud should shock traders nL1N29R08S

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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