By Peter Stoneham — Apr 16 - 02:00 AM
A marginal close below the daily Ichimoku cloud but a doji candle too
Tight open-close hints at market indecision
We are holding a short from 0.8568 for 0.8510 with an 0.8580 stop
A new low of 0.8527 for the current bear run
Early Tues gains stalling the fall in the 0.8530s
Key resistance at 0.8551, the 50-day moving average
May 2 0.8556-57 cloud twist a concern for our short play
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary