By Jeremy Boulton — Jan 09 - 05:55 AM
EUR/USD break above weekly Ichimoku cloud base suggests more gains
Cloud peak at 1.0930 is potential target
Cloud base 1.0546 and 55-WMA 1.0550 underpin
Drop in volatility (single digit vol) suggests quieter period ahead
Traders bet EUR/USD rises - quiet may spur profit taking nL1N33U0I8
Interest rate divide would favour those selling strength during any lull
100-WMA dropped below 200-WMA in Nov - long-term bear signal
Source:
Refinitiv IFR Research/Market Commentary