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May 15 - 04:55 AM

EUR/USD - A EUR/USD Daily Close Above Cloud Supply Would Be Very Bullish

By Martin Miller  —  May 15 - 03:10 AM
  • EUR/USD looks set to break above the cloud, that spans 1.0829-38 the region

  • If there is a close above the cloud top, that would likely lead to big gains

  • 14-day momentum remains positive, highlighting EUR/USD's upside bias

  • Note, however, FX traders have space to take the dollar higher nL1N3HF0F8

  • EUR/USD Trader TGM2334. Previous update nL1N3HH0N3

Source:
Refinitiv IFR Research/Market Commentary

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