DONATE & Share Post Your Content On Smart Money Management

Search This Blog

Tuesday, April 06, 2021

New highs incoming at 131 and beyond...

New highs incoming at 131 and beyond...



More pronounced resurgence in the Yen has dragged the DXY down through 92.500 to test chart support in the form of a Fib retracement.

Market contacts note that buying in EUR/JPY started around 130.00 and continued all the way down to at least 130. 40 . Further bullish momentum anticipated.

Note also, another Eurozone sentiment survey topped consensus by a decent margin as the Sentix Index hit its best level since August 2018.

from Trading Ideas
via gqrds

No comments: