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Feb 02 - 04:55 PM

EUR/USD - Rally Sellers Might Have To Come To The Market

By Christopher Romano  —  Feb 02 - 02:41 PM
  • EUR/USD bear signals on the clean break of the 38.2% Fib 1.1602-1.2349

  • Daily, monthly RSIs drop further, imply downside momentum is building

  • Large 1.2000 barrier helps to stem EUR/USD slide but bounce is meager

  • Stops reported below the barrier, 1.2000 break might see longs exit

  • Rally sellers might then come to the market on fear of missing out

  • Potential for test near 1.1600 once 1.2000 breaks

  • For more click on FXBUZ







eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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