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Apr 12 - 03:55 AM

EUR/USD - Just Leaning Bullish But EUR Fragile

By Peter Stoneham  —  Apr 12 - 02:10 AM
  • Cracks appearing in the Mar 31-Apr 8 bull run: EBS data showing weakness

  • Recent closes below the 200DMA don't bode well

  • However, market reluctant to head lower and smacks of a bull continuation

  • We maintain a bid at 1.1865 for a trend resumption

  • All change below 1.1816, 50% Fibo of the 1.1704-1.1928 climb

  • Weeklies still bullish with a hammer into strong confirmation last week

  • The 1.1704 Mar 31 low pivotal for the longer term chart

    For more click on FXBUZ









EUR/USD Trader

EUR/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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