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Thomson Reuters
Sep 07 - 05:00 AM
EUR/USD - Bulls In Control, Scope For Gains Beyond Thin Cloud
First appeared on eFXplus on Sep 07 - 03:05 AM
  • Bulls still in control after finding solid support ahead of key 1.1518 Fibo
  • 1.1518 Fibo is a 50 percent retrace of the 1.1301-1.1734 recent rise
  • Fourteen-day momentum remains positive, reinforcing the overall upside bias
  • We remain long at 1.1550 for eventual gains to our 1.1695 target
  • Our target is just beyond the thin 1.1664-84 daily Ichimoku cloud
  • EUR/USD has more upside, but U.S. NFPs data is a big risk

EUR/USD Trader:

Daily Bollinger Chart: Click here

Source:
Thomson Reuters IFR Markets

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