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Apr 17 - 02:55 AM

EUR/USD's Recent Drop Likely Found Support Ahead Of Key Fibo

By Martin Miller  —  Apr 17 - 02:05 AM
  • 14-day momentum remains positive, reinforcing the overall upside potential

  • As does the bullish alignment of the daily tenkan and kijun lines

  • We are long at 1.1020 for a bull extension to the March 31 2022 high

  • Our stop has been placed below the 1.0943 key Fibo support

  • 1.0943 Fibo: a 23.6% retrace of 1.0517 to 1.1075 (March to April) (EBS) rise

  • EUR/USD Trader TGM2334

Source:
Refinitiv IFR Research/Market Commentary

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