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Apr 26 - 03:55 AM

EUR/USD - Reaches First Bull Target, Now Strong IFO Expected

By Jeremy Boulton  —  Apr 26 - 02:36 AM
  • EUR/USD trades 1.2117 EBS peak, today's range 1.2089-17

  • Pair exceeds 1.2108 which is 23.65 fibo target

  • Target drawn off March 2020 low, 2021 peak and 2021 low

  • Next target is 1.2359 a 38.2% projection off same levels

  • Today's IFO is expected 97.8, highest since May 2019

  • Number longs has grown but no great drag on EUR/USD

  • S/t ranges may struggle to exceed 1.2156 in very s/t




20-Day bol Click here

EURUSD target Click here

IFO Click here

Source:
Refinitiv IFR Research/Market Commentary

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