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Thomson Reuters
Jun 12 - 03:48 AM
EUR/USD - Bulls Continue To Target 200DMA And Major Fibo
First appeared on eFXplus on Jun 12 - 01:50 AM
  • Mkt looks like it needs to test 200DMA before any corrective pullback
  • 200DMA at 1.1363: 38.2% Fibo off 1.1815-1.1106 is at 1.1377
  • 14-day bull momentum has slowed as the air thins above upper 30DMA Bolli
  • Cloud top and 100DMA remain key supports, 1.1280 and 1.1273 respectively
  • RSI is struggling to maintain altitude and could hint at consolidation
  • Weeklies still capped by the 200WMA at 1.1348, also June 7 high
  • Our 1.1275 short struggling as price gains consolidate

EUR/USD Trader:

EUR/USD Daily Ichimoku Chart: Click here

Source:
Thomson Reuters IFR Markets

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