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Nov 29 - 03:48 AM
EUR/USD - Bulls Really Need A Close Above The Thickening Cloud
First appeared on eFXplus on Nov 29 - 01:55 AM
  • EUR/USD shorts so far fail to register a daily close under major 1.0994 Fibo

  • 1.0994 Fibonacci level is a 61.8% retrace of 1.0879-1.1180 rise

  • Until there is a daily close below, risk grows for a near-term short squeeze

  • Bulls need a close above the thickening daily cloud, which spans 1.1030-58

  • Previous update nL1N28803Q. EUR/USD Trading Page TGM2334

  • USD could be about to slide despite U.S. GDP upgrade nL1N28804V

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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