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Thomson Reuters
Apr 17 - 05:00 AM
EUR/USD - Bulls Need To Overcome Key Fibo To Unmask Cloud Top
First appeared on eFXplus on Apr 17 - 02:45 AM
  • EUR/USD bulls needs to register a daily close above the 1.1316 Fibo
  • As that would increase the odds of a break above the thick daily cloud
  • 1.1316 Fibo, 50% retrace of the 1.1448 to 1.1183 (March to April) drop
  • Daily cloud which now spans the 1.1296-1.1373 region
  • We recommend standing aside until there are clearer signals
  • Growing EUR/USD short vulnerable, protection needed nL1N21Y05N

EUR/USD Trader:

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Source:
Thomson Reuters IFR Markets

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