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Thomson Reuters
Oct 02 - 07:24 AM
EUR/USD - Weekly Cloud Break And 100WMA Threat But Twist Noted
First appeared on eFXplus on Oct 02 - 05:10 AM
  • All about EUR fall Tues as second week of losses extend below the wkly cloud
  • Ichimoku cloud break also fits with bearish aligned Kijun and tenkan lines
  • Break of recent weekly range has opened up the 100WMA, currently 1.1502
  • Weight is with the sellers and potential to head much lower if 100WMA gives
  • However, extent of fall might be limited or at least slowed by a cloud twist
  • Way off the Oct pace at 1.1928 and out to w/e Dec 21 but noted nonetheless

EUR/USD Weekly Ichimoku Chart: Click here

Source:
Thomson Reuters IFR Markets

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