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Thomson Reuters
Aug 31 - 05:00 AM
EUR/USD - Daily Ichimoku Cloud Continues To Cause Problems
First appeared on eFXplus on Aug 31 - 02:40 AM
  • EUR continues to have problems with an extremely thin daily cloud
  • Thurs topside breach at 1.1681 but close back inside the cloud
  • Risk of a trend top, need a drop under 10-55DMA, 1.1623-17, to confirm
  • Daily stochs have turned over but momentum remains popsitive
  • Weekly potential for a close above the 10WMA, 1.1621
  • Await stronger signals but bear warnings are emerging

EUR/USD Trader:

EUR/USD Daily Ichimoku Chart: Click here

Source:
Thomson Reuters IFR Markets

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