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Oct 29 - 04:55 AM

EUR/USD - Weakened After Bulls Were Sucked In By The Daily Cloud

By Martin Miller  —  Oct 29 - 03:10 AM
  • EUR/USD remains stuck within the Ichimoku cloud that now spans 1.1692-1.1792

  • That after bulls failed to break completely free the cloud recently

  • There could be a test of the cloud base in coming sessions

  • However bears need sustained trading under the kijun line now 1.1747

  • That would confirm the underlying EUR/USD weakness

  • EUR/USD Trader TGM2334. Previous update nL1N2HJ0C8

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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