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Apr 15 - 05:55 AM

EUR/USD - Looking Attractive But Big Hurdles Ahead

By Peter Stoneham  —  Apr 15 - 03:51 AM
  • A pause in the EUR's climb ahead of more key U.S. data

  • U.S. retail sales tipped to rebound and jobless claims exp to drop

  • Technical and derivative hurdles also in the stalling mix

  • A falling daily Ichimoku cloud hanging over the EUR at 1.2007-92

  • Defence of large DNT option plays also in the 1.20 picture nL1N2M80FW

  • However, it's not wise to go long dollar in April nL1N2M72KG

  • EUR/USD support runs in at 1.1971 55DMA and 1.1940 Wednesday low

  • EU ups its vaccine orders to ease AZ supply challenge, J&J pause: EUR plus

    For more click on FXBUZ







EUR/USD daily Ichimoku chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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