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Nov 16 - 03:55 AM

EUR/USD - Chart Points To Initial Gains To November's Peak

By Martin Miller  —  Nov 16 - 02:00 AM
  • Overall scope has grown for a bigger initial recovery to Nov's 1.1920 peak

  • EUR/USD's recent setback had been limited by daily cloud

  • That daily cloud now spans the 1.1762-1.1813 region

  • Fri's daily close above the cloud top has strengthened their position

  • We remain long at 1.1805 in anticipation for our ultimate 1.2010 target

  • EUR/USD Trader TGM2334. Previous update nL1N2HZ0E9

  • USD's recovery attempts likely to run out of steam nL1N2HY0LA

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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