Derived Data That Drive Results
By Martin Miller — May 19 - 09:35 AM
EUR/USD recovery attempts will likely be limited by the daily cloud
The cloud now spans the 1.0796-1.0875 region, only a close above will defer
Fourteen-day momentum is negative, reinforcing the EUR/USD bearish bias
We are short at 1.0810 in anticipation for our 1.0660 target
Meanwhile our stop is at 1.0910, which is above the daily cloud
Previous update nL1N37G0BY. EUR/USD Trader TGM2334
Daily Chart: Click here
Source:
Refinitiv IFR Research/Market Commentary
