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Nov 09 - 03:55 AM

EUR/USD - Double EUR/USD Close Above Daily Cloud Is Very Bullish

By Martin Miller  —  Nov 09 - 01:50 AM
  • EUR/USD bullish after two daily closes in a row above the cloud

  • The thickening daily cloud currently spans 1.1759-98. Our bid now at 1.1805

  • Scope grows for a retest of the Sept 10 1.1917 high

  • The 2020 1.2014 peak, posted Sept 1, also coming into focus

  • Recent dips were limited by the 1.1591 Fibonacci level

  • A 1.1591 Fibo is a 50% retrace of 1.1169 to 1.2014 (June to Sept) rise

  • EUR/USD Trader TGM2334. Previous update nL1N2HS0E7

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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