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Dec 02 - 05:55 AM

EUR/USD - Traders Will Be Pleased To See This Twist

By Jeremy Boulton  —  Dec 02 - 03:35 AM
  • Ichimoku cloud twists have an uncanny knack of attracting

  • This happens repeatedly regardless of fundamentals

  • EUR/USD has a twist on very long-term chart at 1.2377-1.2513

  • Quarterly cloud twists June 2021, top is close to 2018 high at 1.2556

  • If cloud attracts it will lead to a significant readjustment of expectations

  • EUR/USD forecasters see 1.1975 in 6 months and 1.2100 in 12 months

  • Fear of missing out could fuel a big EUR/USD rise nL1N2II0I2


EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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