By Peter Stoneham — Apr 17 - 03:40 AM
Daily action peaked just above a very thin cloud Friday
Pullback from the 0.8859 high modest so far
Tempted to short the market but weeklies still ringing bullish
Weekly action closed above a thick Ichimoku cloud last week
Market opens above the 0.8732-0.8840 cloud Monday
However, wkly momentum flips negative and RSI not confirming latest gains
We lean bearish but will wait for stronger signals
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary