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Thomson Reuters
Mar 14 - 06:12 AM
EUR/USD - May Unwind All Its Recent Fall Before Dropping
First appeared on eFXplus on Mar 14 - 03:50 AM
  • EUR/USD boosted on the back of GBP's rise, positive thinking regards Brexit
  • Pair closes over 21-DMA and breaks above 61.8% retrace its latest drop
  • Break targets 76.4% Feb 28-Mar 7 @ 1.1362. Thin Ichimoku cloud may attract
  • Cloud twist this month close to the high of the Feb 28-Mar 7 drop @ 1.1420
  • Thin clouds attract. But with Brexit and techs driving rally, bet on a top
  • EZ/US fundamentals strongly favour a drop and will shape a top nL1N21008M

EURUSD daily Click here

Source:
Thomson Reuters IFR Markets

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