By Martin Miller — Apr 27 - 02:40 AM
"Bearish engulfing" pattern negated by surge to new a 1.1096 multi-year high
There is now scope for much bigger gains to test March 31 2022 1.1185 high
14-day momentum remains positive, tenkan and kijun lines are bullish aligned
The 1.0959 Fibo should limit bigger near-term corrective moves
1.0959 Fibo, a 23.6% retrace of the 1.0517-1.1096 (March-April) EBS rise
Previous update nL1N36T0GN. EUR/USD Trader TGM2334
Source:
Refinitiv IFR Research/Market Commentary