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Jul 03 - 03:55 AM

EUR/USD - Bulls Stymied By Large Upper Shadow On Daily Candle

By Martin Miller  —  Jul 03 - 02:10 AM
  • In June EUR/USD found support ahead of the 1.1157 Fibo = bullish

  • 1.1157 Fibo: 38.2% retrace of the 1.0728 to 1.1422 (April to June) EBS rise

  • Flow data signals window of opportunity for EUR/USD longs nL1N2E90CY

  • While the overall scope is for gains to test 1.1348/53 June 23/16 highs

  • A large upper shadow on Thur's candle has stymied EUR/USD bulls near-term

  • EUR/USD Trader TGM2334. Previous EUR/USD update nL1N2E908J

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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