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Jun 02 - 04:55 AM

EUR/USD's Daily Chart Has Darkened, Expect Bigger Losses

By Martin Miller  —  Jun 02 - 02:40 AM
  • EUR/USD's recent rise has been stymied right by the 1.0787 Fibo

  • 1.0787 Fibo is a 38.2% retrace of the 1.1495 to 1.0349 fall

  • FX traders should be mindful of the thickening daily Ichimoku cloud

  • The cloud, that currently spans the 1.0765-1.0933 region, should also weigh

  • Wednesday saw a big relapse, which could well continue in coming sessions

  • Time to insure EUR/USD's downside? nL1N2XO0K1

  • EUR/USD Trader TGM2334 Previous EUR/USD update nL1N2XO0CQ

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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