Derived Data That Drive Results
By Jeremy Boulton — Dec 05 - 03:35 AM
Weekly Ichimoku cloud 1.0762-1.1162 is falling and thickening
Potentially a strong resistance zone set to weigh EUR/USD
Cloud base drops to 1.0606 end-Dec, then falls to 1.0480 end-Jan
Alternately a cloud break could spur a major rally next year
1200 point rise followed last weekly cloud break in Jun 2020
It is wise to expect EUR/USD rally to pause nL1N32V0D3
Source:
Refinitiv IFR Research/Market Commentary
