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Apr 19 - 02:55 AM

EUR/USD - FX Traders Respecting The Cloud; Base Key

By Peter Stoneham  —  Apr 19 - 01:50 AM
  • Weeklies closed strongly but need some corrective action

  • Potential for a rounding top to play out on the daily chart

  • We bid by 1.1920 but if taken long would set a tight stop

  • Falling and thickening daily Ichiomoku cloud the contains; big hurdle

  • Base of cloud just above 1.20, recent trend high 1.1995

  • Close below 55DMA, 1.1967, could be pivotal









EUR/USD Trader

EUR/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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