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Mar 26 - 04:55 AM

EUR/USD - A Battle Rages As EUR/USD Stuck Within The Thick Daily Cloud

By Martin Miller  —  Mar 26 - 03:35 AM
  • A battle rages as EUR/USD continues to trade within the thick daily cloud

  • The daily cloud currently spans the wide 1.0794-1.0917 region

  • 14-day momentum turned negative on Friday, highlighting a bearish shift

  • There is still a risk for a retest of the daily cloud base

  • A break below the base would lead to a bigger slump to Feb 1.0695 (EBS) low

  • Interim supply is at tenkan line at 1.0878, bears need spot to hold under

  • EUR/USD Trader TGM2334. Previous update nL2N3G30DD

  • Speculators triple their U.S. dollar convictions nL2N3G30JM

Refinitiv IFR Research/Market Commentary


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