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Apr 19 - 07:55 AM

EUR/USD - Set To Breach Key Fibo On-Route To Cloud Top

By Peter Stoneham  —  Apr 19 - 05:46 AM
  • Climbing deeper into the daily Ichimoku cloud and challenging a Fibo

  • Highs of 1.2032 just shy of the 1.2037 61.8% retrace off 1.2243-1.1704 drop

  • Daily cloud top at 1.2092 serves as target and 55DMA, 1.1968, support

  • Longer-term bear pressure might return if 55DMA crosses below 100DMA

  • Falling daily cloud could also add weight to resistance levels

  • We maintain a bid at 1.1920 but this subject to revision on a strong close

    For more click on FXBUZ









EUR/USD Trader

EUR/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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