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Dec 08 - 02:55 AM

EUR/USD - Twist Risk; Longs Might Consider Lightening Load

By Peter Stoneham  —  Dec 08 - 01:45 AM
  • A gradual move lower having put in a new 2020 high at 1.2177 Frid

  • Mildly corrective within tighter ranges but underlying bull bias alive

  • Below 23.6% Fibo, 1.2041, off 1.1602-1.2177 might trigger a deeper drop

  • Note, 10DMA and Tenken line come in at 1.2040-41 too

  • A warning to bulls given by cloud twists, Dec 17-21 at 1.1761-65

  • A trend resumption targets levels above 1.2200 from Apr 2018










EUR/USD Trader

EUR/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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