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Nov 19 - 07:55 AM

EUR/USD - Slips Towards Level Where Longs Worth Considering

By Jeremy Boulton  —  Nov 19 - 05:40 AM
  • EUR/USD opens 1.1854 EBS, session high, then drops to 1.1817

  • Daily Ichimoku cloud 1.1813 to 1.1763. 21/55-DMAs 1.1789/1.1777

  • Daily cloud similar size to recent daily ranges, tough to break

  • Bullish trend that began this year remains solid

  • Longs have been reduced and pair fairly close to the peak of 2020 trend

  • Dip buyers might shelter stops below 100-DMA is 1.1732

  • EUR/USD longs are a big gamble and a safe bet nL1N2I50IM

  • Mounting FX interventions are great news for EUR/USD bulls nL1N2I50HG




EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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