By Martin Miller — Mar 31 - 02:45 AM
EUR/USD closes above March 17/29 1.1137 matching highs and the 1.1151 Fibo
The 1.1151 Fibo is a 50% retrace of 1.1495 to 1.0806 (Feb to Mar) EBS drop
The daily close above these broken levels is a very bullish sign
Expect further gains to the 1.1232 Fibo, 61.8% of the same fall
14-day momentum has been positive recently, adding to the upside potential
Stand aside for now. EUR/USD Trader TGM2334 Previous update nL2N2VX1RN
Daily Chart: Click here
Source:
Refinitiv IFR Research/Market Commentary