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Thomson Reuters
Apr 08 - 11:00 PM
EUR/USD - Spooks Shorts But Cherry-Pickers Might Be Lurking
First appeared on eFXplus on Apr 08 - 08:55 PM
  • EUR/USD jumped Mon, exiting daily Bollinger downtrend channel on EBS
  • Nullification of one bearish chart cue spooks shorts nL1N21Q01A
  • But trendline resistance from early this year still looms at 1.1288
  • Cherry-pickers may lurk near there, before ECB, Brexit talks Wed
  • Dovish ECB might return EUR/USD to Bollinger channel at 1.1229
  • US FOMC minutes due Wed also could spur fresh USD demand

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Thomson Reuters IFR Markets


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