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Apr 26 - 02:55 AM

EUR/USD's 3Rd Biggest 2021 Gain, Close Above Cloud, Bullish

By Martin Miller  —  Apr 26 - 02:34 AM
  • Friday's surge, the third biggest daily rise in 2021, is a very bullish sign

  • Spot closed above cloud (now 1.1985-1.2060), on Fri, 1st time since Feb

  • Mon sees a break above 1.2116 Fibo, a close above would add to upside bias

  • 1.2116 Fibo is 76.4% retrace of the 1.2243 to 1.1704 (Feb to Mar) drop

  • We are looking to get long at 1.2065. Dollar is in bad shape nL1N2MG0L6

  • EUR/USD Trader TGM2334. Previous update nL1N2MG0CH

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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