Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 10 - 05:55 AM

EUR/USD - Bulls Need To Overcome Major Technical Resistance

By Martin Miller  —  May 10 - 03:55 AM
  • Those that are bullish need to overcome major technical resistance

  • A break above the daily cloud, that now spans 1.0827-38, would be bullish

  • 1.0611 Fibo is a 76.4% retrace of the 1.0448-1.1139 (Oct-Dec) EBS rise

  • 14-day momentum remains positive, highlighting the overall upside bias

  • Spot had failed under the 1.0611 Fibo, in April, a bear trap

  • EUR/USD Trader TGM2334. Previous update nL1N3HC0HO

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!