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Thomson Reuters
Aug 29 - 08:36 AM
EUR/USD - Daily Ichimoku Cloud Hints EUR/USD Topping
First appeared on eFXplus on Aug 29 - 06:05 AM
  • EUR/USD rally fails near daily Ichi cloud top yesterday, 1.1734 vs 1.1752
  • Cloud top lower today to 1.1724 and EUR/USD also lower reaching 1.1662
  • Risk of a break back below the base of the cloud @ 1.1656 grows
  • Any move back below the 55-DMA @ 1.1613 should confirm notion a top is in
  • Topping pattern fits with rates which have pushed back in favour of the U.S.
  • U.S. GDP/PCE data at 12.30GMT offer next clue for rates traders

EUR/USD daily Click here

Thomson Reuters IFR Markets


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