EUR/USD fell to 1.0874 EBS Monday holding above daily Ichimoku cloud

Tuesday's range 1.0900-22 EBS - daily cloud 1.0889-1.0864

Cloud thickens and rises potentially supporting higher ranges

Bulls need closes back above 55 and 100-DMAs 1.0946-1.0931

Despite evident long liquidation on Monday traders are betting pair rises

Net long is large at $20.5 billion - big restraint on the upside

Uptrend is alive while pair holds above 200-DMA at 1.0781

A big change in sentiment and positioning may follow any 200-DMA break