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Oct 24 - 12:12 AM
EUR/USD - Rally Revived With Cloud Bounce, 200 DMA Ahead
First appeared on eFXplus on Oct 23 - 09:35 PM
  • EUR/USD confidence restored after bounce off Ichimoku Cloud on EBS

  • Rebound affirmed Bollinger uptrend channel - base moves up to 1.1111

  • Downside explored, some longs trimmed, trek toward 200 DMA 1.1204 ahead

  • Any ECB dovishness already priced in, reducing odds of bearish reaction

  • No policy action expected as Draghi steps down month-end nL5N27862P

  • Incoming ECB head Christine Lagarde will conduct review of goals and tools

Refinitiv IFR Research/Market Commentary


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