By Peter Stoneham — May 24 - 01:55 AM
Bear run from 1.1096 (EBS price) flattening out but still below daily cloud
Daily Ichimoku cloud parameters are at 1.0796 and 1.0875
We are short from 1.0810 for 1.0660 with a 1.0910 stop
Initial support at 1.0760, May 19 low
A 61.8% Fibo of 1.0517-1.1096 is at 1.0738
Minor Fibo topside at 1.0839, 23% of 1.1096-1.0760
Sideways bias set to extend remainder of the week
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary