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Sep 10 - 03:55 AM

EUR/USD - Cloud Key To Divining EUR/USD Fortunes

By Jeremy Boulton  —  Sep 10 - 02:22 AM
  • EUR/USD ranges weighed by presence daily Ichimoku cloud 1.1831-1.2003

  • Today's range 1.1834-19 EBS, two consecutive prior closes below cloud

  • Last week a break into cloud saw bulls take charge ahead NFP's

  • Cloud is falling so potentially set to weigh on EUR/USD

  • Base drops to 1.1783 on Sep 22 (Fed decision)

  • Centre of 20-day bollingers (neutral ground) is 1.1789 but rising

  • Bands have turned higher since NFPs allowing for greater gains

  • Triple top at 1.1909 is the likely trigger point above

  • 21-DMA set to cross above 55-DMA soon, could spark bullish reaction




EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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