Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jul 02 - 05:55 AM

EUR/USD's Drop Under Key Fibo, A Close Below Would Be Negative

By Martin Miller  —  Jul 02 - 03:35 AM
  • EUR/USD drops through 1.1837 Fibo, a daily close under would weaken outlook

  • 1.1837 Fibo is 76.4% retrace of the 1.1704 to 1.2266 (March to May) EBS gain

  • We remain short at 1.1920 in anticipation for a bigger extension to 1.1795

  • Large resistance has formed at Thursday's 1.1884 (EBS) high

  • Dollar smashes through major technical resistance nL2N2OD0V4

  • EUR/USD Trader TGM2334. Previous update nL2N2OD0H8

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!