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May 24 - 02:55 AM

EUR/USD - Sideways Bias To Frustrate Wednesday Direction

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

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