EUR/USD: Yesterday’s rather decisive move through a medium-term key 1.3418 ref forces an earlier best fit wave structure from bearish to neutral/short-term bullish. The high end of the Fibo-adjusted medium-term “Ichimoku cloud” has already been proven supportive and now the market has to figure out where resistance lies. But first thing ought to be a recheck lower – then with yesterday’s mid-body point at 1.3375 in mind as the primary “checkpoint”.
Read the full report: Technical Alert
Powered by WPeMatico