By Jeremy Boulton — Aug 16 - 03:00 AM
EUR/USD is set to fall below the daily Ichimoku cloud
Cloud set to rise to 1.0932-1.0977 on Thursday, base reaching 1.0956 Aug 22
After Mon's break below - 55/100-DMAs have capped Wed's range - bearish
55-DMA 1.0950, 100-DMA 1.0932 - Wed's range 1.0899-1.0927 EBS
There has been a series of four lower daily highs
The 200-DMA at 1.0786 is vital for the many betting pair rises nL1N39W0LG
Resilient UK inflation is fuel for carry trades, weigh EUR/GBP nL1N39X0FW
Source:
Refinitiv IFR Research/Market Commentary