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Thomson Reuters
Feb 14 - 05:00 AM
EUR/USD - Gearing Up For Gains Through Key Fibos To 30-DMA
First appeared on eFXplus on Feb 14 - 02:50 AM
  • EUR/USD could be in the early stages of basing as the market bounces back
  • Spot back above the 30-day lower bollinger-band now at 1.1263
  • Scope grows for a bullish resumption to the 30-DMA now at 1.1397
  • 30-DMA will be unlocked once 1.1324/1.1371 Fibos are overcome
  • 1.1324/71 Fibos -- 23.6%/38.2% of the 1.1570 to 1.1248 (Jan to Feb) fall
  • We are long at 1.1310 for 1.1410, while stop at 1.1245

EUR/USD Trader:

Daily Fibo Chart: Click here

Source:
Thomson Reuters IFR Markets

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