Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jun 05 - 04:55 AM

EUR/USD - Could Well Soar As It Remains Above The Daily Cloud

By Martin Miller  —  Jun 05 - 02:40 AM
  • EUR/USD bullish while trading persists above the daily cloud

  • The daily cloud currently spans the 1.0712-1.0791 region

  • Scope grows for much bigger gains to probe the 1.0934 Fibo

  • 1.0934 Fibo is a 61.8% retrace of the 1.1139 to 1.0602 (EBS) drop

  • Only a daily close back under the cloud would be a negative development

  • We remain long at 1.0847. EUR/USD Trader TGM2334

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!