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Apr 21 - 04:55 PM

EUR/USD - Longs Have To Ponder Mixed Signals

By Christopher Romano  —  Apr 21 - 02:54 PM
  • EUR/USD rally off the March 31 low stalls short of the daily cloud top

  • A slide ensues & the pair nears flat on Tuesday, a gravestone doji forms

  • Slide extends today, nears the 23.6% Fib of 1.1704-1.2008 but stalls

  • A sharp bounce takes hold, pair nears flat today, long legged doji forms

  • Recent daily candles send mixed signals, longs now ponder if rally resumes

  • Monthly techs lean bullish but show potential for a head & shoulder top

  • For more click on FXBUZ






eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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