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Apr 18 - 03:55 AM

EUR/USD - Beware EUR/USD's Conflicting Signals On The Daily Chart

By Martin Miller  —  Apr 18 - 02:05 AM
  • EUR/USD outlook is mixed as there are conflicting signals on the daily chart

  • Spot's setback under the 1.0943 Fibo casts doubts about bigger gains

  • 1.0943 Fibo, a 23.6% retrace of 1.0517 to 1.1075 (March to April) (EBS) rise

  • However 14-day momentum positive, tenkan and kijun lines are bullish aligned

  • Await clearer signals. Previous update nL1N36J0IY. Trader TGM2334

  • Dollar likely to relapse despite improving fundamentals nL1N36J0IQ

Source:
Refinitiv IFR Research/Market Commentary

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