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Apr 09 - 03:55 AM

EUR/USD - Won't Regain 1.2000 Easily

By Jeremy Boulton  —  Apr 09 - 02:26 AM
  • EUR/USD continues to climb reaching 1.1928 EBS yesterday

  • Pair closed over 200-DMA with higher ranges unfolding in upper Bol band

  • However, yesterday low's matched prev day, breaking prior bullish series

  • Traders are long and surely longer compared last data from Apr 30

  • Pair has risen 1.1711 to 1.1928 since last IMM data released

  • 55-DMA 1.1974 recently broke under 100-DMA 1.2052. Daily cloud 1.2068-1.2121

  • Upper band 20-day Bol 1.1995. Without news EUR/USD likely tops ahead 1.2000

  • Top pickers seeking 3-1 returns can utilize cloud to shelter stops


EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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