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Oct 25 - 05:00 AM
EUR/USD - Clings To A Vital Support
First appeared on eFXplus on Oct 25 - 03:00 AM
  • EUR/USD closed slightly below daily Ichimoku cloud yesterday

  • Opened potential to test the base of the cloud which is 1.1032

  • 21-DMA 1.1032. Levels near mid 1.09-1.12 range. High probability revisited

  • Bulls need immediate close back over cloud top

  • Cloud top sinks to 1.1064 Nov 5. Once again mid-range. Likely to be traded

  • EUR 1.3bln @ 1.1100 influential. Support while below, resistance when above















EUR/USD daily Click here

Source:
Refinitiv IFR Research/Market Commentary

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