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Mar 17 - 06:55 AM

EUR/USD - Remains Fragile, But This Is Tempered By 'Cloud Twist'

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

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