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Feb 04 - 10:55 PM

EUR/USD - Faces Steep Drop If It Goes Over Cloud Edge 1.1956

By Ewen Chew  —  Feb 04 - 09:25 PM
  • EUR/USD precariously balanced at Ichimoku Cloud edge before US NFP

  • Fri close below 1.1956 on EBS would also break 100 DMA, spur selling

  • Following breach of 1.2000 psych barrier, bullish bets fragile

  • Steep drop toward 1.1800 may follow; 200 DMA too far to offer support

  • US nonfarm payrolls the likely next catalyst, strong data expected

  • Jobless claims, private payrolls hint at upbeat NFP nL1N2K92L7

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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