FX Techs

The USD received an extra push yesterday via the publication of positive US fundamental data so that the recent recovery gained momentum across the board. That said, EUR/USD was one of the hardest hit victims but in order to confirm the potential resumption of the broader downtrend it still requires breaks below key-support at 1.3190/66 (pivots) and equivalent below 1.5250/30/13 (daily Ichimoku-lagging/daily trend/minor 76.4 %) in Cable. Above these key-supports, another attempt to reach out for higher consolidation targets at the main T-junction at 1.3483/1.3521 (int. 76.4 %/pivot) in EUR/USD or at weekly.-monthly triangle resistance at 1.5886/1.5993 in Cable can’t be excluded yet…

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