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Thomson Reuters
Jan 25 - 03:48 AM
EUR/USD's 2Nd Biggest Jan Drop Closes Under Cloud/Fibo: Bearish
First appeared on eFXplus on Jan 25 - 02:15 AM
  • On Thursday EUR/USD saw the second biggest one-day drop in January
  • Bears managed to register a daily close below two key levels
  • Closed under both the daily cloud base at 1.1377 and the 1.1351 Fibo
  • 1.1351 Fibo: 61.8% of the 1.1216 to 1.1570 (November to January) rise
  • We are looking to near-term recovery attempts. Offer at 1.1370
  • EUR/USD bears had been waiting for close under cloud, key Fibo nL1N1ZO06X

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