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Nov 12 - 02:55 AM

EUR/USD - Could Go Either Way, Daily Cloud Is Key To Direction

By Martin Miller  —  Nov 12 - 01:35 AM
  • EUR/USD's setback has so far been limited by the daily cloud

  • The daily cloud currently spans the 1.1738-1.1813 region

  • Only a break and daily close under the daily cloud base would weaken

  • Meanwhile a break and close above the cloud top needed to strengthen

  • We remain long at 1.1805 in anticipation for a bullish resumption to 1.2010

  • EUR/USD Trader TGM2334. Previous update nL1N2HX0FA

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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