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Oct 10 - 05:00 AM
EUR/USD - Bulls Need A Close Above Kijun To Take Market Higher
First appeared on eFXplus on Oct 10 - 02:50 AM
  • EUR/USD bulls need a daily close above kijun line at 1.0994

  • That would unmask the 1.1021 Fibo, 61.8% of the 1.1109 to 1.0879 drop

  • Bulls have failed to close above multiple times, dampening their prospects

  • Tenkan and kijun remain negative aligned, looking to get short at 1.1010

  • Four upside failures hurt outlook, but tenkan below props nL2N26U04U

  • It usually doesn't pay to go long EUR/USD in October nL2N26O084

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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