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Thomson Reuters
Jun 25 - 02:36 AM
EUR/USD - Buoyant Above 200 DMA But Weekly Top Approaches
First appeared on eFXplus on Jun 24 - 10:40 PM
  • EUR/USD upside potential valid above 200 DMA, in uptrend channel
  • Daily chart shows momentum strong - Chikou line above Cloud
  • Weekly chart concurs, as break of 200 WMA confirmed last Fri
  • But weekly Ichimoku Cloud looming at 1.1437 could deter fresh buying
  • Needs catalyst in order to clear final barrier to 1.1500
  • Fed's Kaplan tries to tamp down dovish Fed view nN9N21F02Q

EURdaily: Click here

EURweekly: Click here

Source:
Thomson Reuters IFR Research/Market Commentary

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