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Nov 17 - 04:55 AM

EUR/USD - Chart Bullish, While Dollar Could Take A Bad Turn

By Martin Miller  —  Nov 17 - 02:40 AM
  • EUR/USD's setback last week was limited by daily cloud

  • That increases the odds of a break above November's 1.1920 (EBS) peak

  • Daily cloud now spans the 1.1764-1.1813 region

  • Tenkan and kijun lines are positively aligned, reinforcing bullish market

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

  • EUR/USD Trader TGM2334. Previous update nL1N2I20DN

  • Dollar could be about to take a turn for the worse nL1N2I20LH

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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