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Refinitiv
Apr 24 - 04:55 AM

EUR/USD - Does The Unexpected Again

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

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