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Apr 08 - 04:55 AM

EUR/USD - Chart Mixed With Both Bullish And Bearish Signs

By Martin Miller  —  Apr 08 - 02:40 AM
  • EUR/USD remains above tenkan line, now at 1.1810, keeping pressure on upside

  • Potential for further gains, but a close above kijun-line at 1.1885 needed

  • But EUR/USD bulls should be mindful of the long upper shadow on Wed's candle

  • Long upper shadow usually points to a possible rejection of the upside

  • Overall marginally bullish, looking to get long on dips at 1.1825

  • EUR/USD Trader TGM2334 Previous update nL1N2M00BT

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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