Welcome Guest:
Sign Up
Derived real-time data in partnership with:
Thomson Reuters
May 07 - 05:00 AM
EUR/USD - Rejecting Downside, Bulls Eye 30-DMA And Key Fibo
First appeared on eFXplus on May 07 - 03:00 AM
  • EUR/USD left a long tail on Fri's candle in a sign downside being rejected
  • The underlying bias is on the upside, with focus on 3 key levels
  • 30-DMA now at 1.1226, May 1 1.1265 (EBS) peak and the 1.1273 Fibo
  • 1.1273 Fibo is a 76.4 percent retrace of the 1.1324 to 1.1110 April drop
  • Interim support comes in at 1.1155, which was Monday's low
  • EUR/USD failed to close below a key downside Fibo nL1N22F059

EUR/USD Trader:

Daily Fibo Chart: Click here

Source:
Thomson Reuters IFR Markets

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
!