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Thomson Reuters
Feb 06 - 05:00 AM
EUR/USD - Bears Lining Up A Major Fibo And Cloud Break
First appeared on eFXplus on Feb 06 - 02:45 AM
  • Our long play in trouble as price drops into the daily cloud
  • Next major development would be a break of that cloud base at 1.1358
  • Daily momentum poised to flip to negative and stochs confirming bear break
  • Key Fibo provides nest support point at 1.1375, 61.8% 1.1289-1.1514
  • If the bear trend holds targets down at 1.1322 and 1.1289 become the focus
  • Weekly bear target at the 200WMA, 1.1332, and lower Bolli at 1.1235

EUR/USD Trader

EUR/USD daily Ichimoku Chart: Click here

Source:
Thomson Reuters IFR Markets

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