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Apr 21 - 05:55 AM

EUR/USD - Sinks Though Bulls May Seize This Opportunity

By Jeremy Boulton  —  Apr 21 - 04:16 AM
  • EUR/USD 1.2043-03 EBS bringing pair closer to support levels

  • Daily Ichimoku cloud base 1.1976, 55-DMA 1.1968

  • A 23.6% retracement of Mar 31-Apr 20 rally is 1.1991

  • A 38.2% retrace (target min correction) is 1.1936

  • Apr 13 peak 1.1956, Lows Apr 14-19: 1.1940, 1.1956, 1.1951, 1.1943

  • Trend is up and fewer traders now long nL1N2MD0OQ

  • Dips into 1.1950-1.2000 may be the opportunity bulls need



EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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