By Jeremy Boulton — May 31 - 02:15 AM
EUR/USD traded to the exact point to fulfil a tech correction then dropped
A 38.2% retracement drop from 2022 high 1.1495 to 2022 low 1.0349 is 1.0787
The target for a minimum technical correction of the down move was achieved
May 30 EUR/USD reached 1.0787, then dipped, May 31 range 1.0734-77 EBS
Daily Ichimoku cloud is thickening and falling, set to weigh
Cloud currently 1.0848-1.1016, June 1 base falls to 1.0787
EUR/USD recently doubled bets on a rise nL1N2XM0AS
EURUSD Click here
Source:
Refinitiv IFR Research/Market Commentary