By Martin Miller — Feb 05 - 02:59 AM
• Long-tails on Monday and Tuesday candlesticks point to a downside rejection
• Also fourteen-day momentum has been positive since Jan. 20
• However the thick Ichimoku cloud supply should limit further recovery moves
• The daily cloud currently spans the 1.0444-1.0634 region
• We are now short at 1.0400 in anticipation for a bearish resumption
• EUR/USD Trader . Previous update
Daily Chart:
(Martin Miller is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters