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Oct 23 - 08:55 AM

EUR/USD - Cloud Top And Cloud Twist Shutting The Door

By Peter Stoneham  —  Oct 23 - 07:20 AM
  • Price again knocking on the door of its daily cloud top, 1.1851

  • A 1.1760-1.1776 Nov 5 cloud twist could drag on further gains

  • Wed-Thurs failures to hold a cloud break spoiling bullish potential

  • Risk remains high for a deeper adjustment of the 1.1688-1.1880 rise

  • Weekly action bullish but big level here is a way off at 1.2014, Sept high

  • Near-term bearish risk but longer-term argues for a buy on dips strategy

EUR/USD Trader

EUR/USD daily Ichimoku Chart: Click here

Refinitiv IFR Research/Market Commentary


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