By Randolph Donney — Mar 08 - 03:45 PM
EUR/USD breaks Feb's 1.0533 low on EBS by 38.2% of 0.9730-1.1034 at 1.0536
Wednesday's 1.0524 low just above rising 100-day and 21-wk MAs at 1.0519/21
Tiny bounce off the lows also kept prices above 2023's 1.0482 low
A close below there would signal Fibos of the uptrend from 2022s lows
The next retracement props are at 1.0459 and 1.0382
Wed's daily range below the rising daily cloud base is bearish
Along with bearishly crossing 30- and 55-DMAs above this week's highs
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Source:
Refinitiv IFR Research/Market Commentary