0741 GMT - EUR/USD's close above Ichimoku cloud this week would signal further strength in the coming months, based on the weekly chart, says Quek Ser Leang of UOB's Global Economics & Markets Research in a report. The currency pair has clearly broken above resistance at the top of the weekly cloud this week, and a weekly close above the cloud would confirm the breakout, the markets strategist says, adding that to sustain the bullish momentum, EUR/USD must hold above the cloud. On the upside, the resistance zone is pegged at 1.1215-1.1230, the strategist adds. EUR/USD edges 0.2% lower to 1.1034. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 04, 2025 03:41 ET (07:41 GMT)
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