EUR/USD Outlook: Extended Recovery Penetrates Daily Cloud And Focuses Key Barriers

The Euro extends recovery into fifth straight day, with bullish signal generated on Wednesday’s close above 1.0838 Fibo barrier (23.6% of 1.1494/1.0635). Fresh advance cracks the base of thick daily cloud (spanned between 1.0930 and 1.1008) reinforced by daily Tenkan-sen. Penetration into daily cloud would expose next pivotal Fibo barrier at 1.0963 (38.2% retracement), break […]
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