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Thomson Reuters
Jan 03 - 05:00 AM
EUR/USD - REFILE-BUZZ-EUR/USD's Biggest Drop Since June Closes Under A Cloud
First appeared on eFXplus on Jan 03 - 03:40 AM

Updated chart

  • EUR/USD, on Wed, saw the biggest one-day drop since June 2018
  • Wednesday saw close 126 pips down, according to prices on the EBS
  • EUR/USD closed below daily cloud base, now at 1.1364, weakening the market
  • There are layers of technical supply above, including tenkan line at 1.1404
  • The tenkan line will likely cap the latest recovery attempts
  • Spot had been gearing up for a test of a key Fibo, cloud top nL1N1Z202Z

EUR/USD Trader:

Daily Cloud Chart: Click here

Source:
Thomson Reuters IFR Markets

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