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Thomson Reuters
Oct 11 - 03:48 AM
EUR/USD - Bulls Taking Aim At Cloud Top, Fibo And The 55-DMA
First appeared on eFXplus on Oct 11 - 01:30 AM
  • EUR/USD bulls take aim at daily cloud top, a key Fibo and the 55-DMA
  • Daily cloud top is at 1.1572, the Fibo is at 1.1572, 55-DMA now at 1.1591
  • 1.1572 Fibo is a 38.2% retrace 1.1815-1.1433 (Sept to Oct) EBS drop
  • Long tail on Tuesday's candle line had signaled a rejection of the downside
  • Squeeze higher looks far from over, but bulls need a close above cloud top
  • Tail squeeze warning and short build up

EUR/USD Trader:

Daily Cloud Chart: Click here

Source:
Thomson Reuters IFR Markets

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