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Jul 09 - 12:12 AM
EUR/USD - Sellers Should Wait Till Cloud Base Cracks
First appeared on eFXplus on Jul 08 - 09:55 PM
  • EUR/USD bobs near prev close 1.1214, pointed lower still
  • Ceiling of Bollinger downtrend channel at 1.1220 to cap intraday
  • Top of daily Ichimoku Cloud coincides with channel ceiling on EBS
  • But sellers ought to hold off till base of Cloud is breached
  • Closing below 1.1191 increases conviction for slide toward 1.1100
  • Recent US data reduces odds of aggressive Fed rate cut, helping USD

EUR: Click here

Source:
Refinitiv IFR Research/Market Commentary

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