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Feb 22 - 04:55 AM

EUR/USD - Holding A Bearish Bias Despite Failed Break-Out

By Peter Stoneham  —  Feb 22 - 03:10 AM
  • A failed break to the topside, Feb. 14 and failed downside break, Feb. 17

  • Leaves EUR/USD to trade out sideways with a slight bearish bias

  • Holding a cloud break leans bearish and momentum remains negative

  • The cloud is rising, which could slow further losses

  • Cloud top provides initial resistance at 1.0692-EBS pricing

  • A minimum correction of the 1.1034-1.0613 drop is at 1.0712

  • We are side lined for now but might consider a fade at the cloud top

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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