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Dec 03 - 05:00 AM
EUR/USD - Sees Biggest Daily Rise Since Sept, Cloud Now Props
First appeared on eFXplus on Dec 03 - 02:45 AM
  • EUR/USD on Monday saw the biggest daily points rise since mid-September

  • Big 58 points gain after multiple failure to close below the 1.0994 Fibo

  • 1.0994 Fibo is a 61.8% retrace of 1.0879-1.1180 (EBS) rise

  • Spot broke and registered a close above the thickening daily cloud

  • Bulls have regained a foothold, scope for the Oct 1.1180 peak

  • The daily cloud spans the 1.1030-76 region and is now supportive of bulls

  • Previous update nL1N28C03U. EUR/USD Trading Page TGM2334

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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