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Nov 19 - 05:00 AM
EUR/USD's Close Above Cloud Top Increases The Odds Of A Squeeze
First appeared on eFXplus on Nov 19 - 03:05 AM
  • Mon's close above cloud top, at 1.1064, increases odds of a squeeze higher

  • EUR/USD bulls now need to force a close above the kijun line at 1.1085

  • That would strengthen the scope for a test the October 1.1180 peak

  • Looking to get long on dips to 1.1065, ahead of tenkan line at 1.1040

  • "Bear trap" and the daily cloud top nL1N27Y04T

  • A simple way to position for a EUR/USD cloud breakout nL2N27V07H

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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