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Jun 18 - 04:55 AM

EUR/USD's Big Fall Now Under The Cloud For 1St Time Since April

By Martin Miller  —  Jun 18 - 02:41 AM
  • Thurs saw another big fall after Wed's biggest drop since March 2020

  • EUR/USD closed sub 1.1919 Fibo, 61.8% of 1.1704-1.2266 (March-May) EBS gain

  • Market also closed under daily cloud, that spans the 1.1943-1.2054 region

  • That is the first time since April that the market closes under cloud

  • The 1.1837 Fibo, 76.4% retrace is now under threat of a probe

  • Dollar's explosion higher after Fed likely not over nL2N2NY32J

  • EUR/USD Trader TGM2334. Previous update nL2N2NZ0ER

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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