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Thomson Reuters
Jun 05 - 05:00 AM
EUR/USD - Solid Rally But Blunted By Major Fibo And Cloud
First appeared on eFXplus on Jun 05 - 03:00 AM
  • Bid holding despite Tues pullback into the close
  • 1.1277 Tues high, 1.1277 = 50% Fibo 1.1448-1.1106: 1.1273 early Wed high
  • Rejection at the 100DMA and daily cloud, 1.1277 and 1.1279 respectivly
  • Daily momentum now confirming recent gains but again RSI less convincing
  • Pullback risk high and we maintain a bid by 1.1185 for 1.1320-30 area
  • Weekly action still has an upside breakout look about it

EUR/USD Trader:

EUR/USD Daily Ichimoku Chart: Click here

Source:
Thomson Reuters IFR Markets

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