By Jeremy Boulton — Apr 24 - 02:50 AM
Expectations for a deeper sell-off built, pair rallied
Last week's 1.0601 low fell shy of key fibo at 1.0596
Drop stretched below base 20-day Bollingers ahead bounce
Subsequent rise to 1.0714 EBS on Apr 24 approaching neutral ground
Target for minor correction of drop from April high has been achieved
Rally heightens chance that daily cloud twist around 1.0840 attracts
A bearish market will more likely seek opportunities to sell
EUR/USD is paradise for counter-traders nL2N3GV143
Source:
Refinitiv IFR Research/Market Commentary