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Thomson Reuters
Jun 01 - 03:48 AM
EUR/USD - Bulls Need Close Above 10-DMA To Expose Major Fibo
First appeared on eFXplus on Jun 01 - 02:30 AM
  • EUR/USD bulls continue to grapple with the 10-DMA, now at 1.1683
  • A daily close above the 10-DMA will accelerate gains next week
  • Break above a slew of recent highs will unmask the major 1.1757 Fibo level
  • 1.1757 Fibo -- 23.6% retrace of the 1.2556 to 1.1510 2018 fall
  • Second largest one-day rise of 2018 on Wednesday, continues to underpin spot
  • Bears were up against it on Thursday after Wednesday's big rise

EUR/USD Trader:

Daily Fibo Chart: Click here

Source:
Thomson Reuters IFR Markets

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