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Jun 20 - 03:55 AM

EUR/USD - Chart Highlights A Fragile Market, Expect Big Losses

By Martin Miller  —  Jun 20 - 01:55 AM
  • Three black crows candlestick pattern recently formed on the daily chart

  • That highlights the dominance of bears and the current fragile market

  • Subsequent recovery attempts have been halted by the thick daily cloud

  • The daily cloud currently spans the wide 1.0574-1.0767 region

  • A break under 1.0416 Fibo, a 76.4% of the 1.0359-1.0601 rise, will weaken

  • We are short at 1.0550 for big losses to our 1.0360 target

  • EUR/USD Trader TGM2334. Previous EUR/USD update nL1N2Y40AW

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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