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Jul 01 - 03:55 AM

EUR/USD - In Danger From "cloud Twist" Below On Daily Chart

By Martin Miller  —  Jul 01 - 02:25 AM
  • The "cloud twist" below circa 1.0900 on Wed a risk to EUR/USD bulls

  • When a "cloud twist occurs, it usually acts like a magnet

  • Long upper shadow on Mon's candlestick line also weighs heavily on spot

  • Plus the bearish engulfing pattern, that appeared on June 10/11, negative

  • Weakness will be confirmed if there is a break/close under 1.1157 Fibo

  • 1.1157 Fibo is a 38.2% of the 1.0728 to 1.1422 (April to June) EBS rise

  • EUR/USD Trader TGM2334. Previous EUR/USD update nL1N2E709X

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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