By Martin Miller — Mar 17 - 05:10 AM
EUR/USD's rise was repelled by the thick daily cloud this week
The daily Ichimoku cloud currently spans the 1.0714-1.0804 region
Wednesday's big drop, close under the cloud base, are bearish signs
EUR/USD bulls could be set for further pain nL1N35O0VD
There is scope for further losses to the 1.0459 Fibo nL1N35O0P1
However, beware the "cloud twist" circa 1.0760 on March 28: could draw spot
EUR/USD Trader TGM2334
Source:
Refinitiv IFR Research/Market Commentary