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Thomson Reuters
Dec 31 - 03:48 AM
EUR/USD's Dip Should Find Support Near The Key Tenkan Line
First appeared on eFXplus on Dec 31 - 02:15 AM
  • EUR/USD trades within the daily cloud which now spans 1.1375-1.1516 region
  • The daily cloud top is now at the same level as the major Fibo
  • Last Thursday's big white candle highlights the underlying bullish EUR/USD
  • Bulls building for medium-term gains to a major Fibo nL1N1YN054
  • Latest dip should find support near the daily tenkan line, now at 1.1414
  • But a break and daily close below tenkan would unmask the daily cloud base

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