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Sep 13 - 02:55 AM

EUR/USD - Flops, Validating Bearish Ichimoku Cloud Cover

By Ewen Chew  —  Sep 13 - 01:18 AM
  • EUR/USD flops to 1.1791 potentially signalling deeper pullback

  • Failure to overcome Ichimoku Cloud on Fri was warning sign

  • Mon closing below 21 DMA 1.1788 will accelerate selloff

  • Next stop could be 1.1730 entrance of Bollinger downtrend channel

  • Dollar firmer across the board before US CPI on Tues

  • Steadily elevated inflation should raise US tapering odds

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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