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Thomson Reuters
May 10 - 03:48 AM
EUR/USD - Needs Close Above 30-DMA, Focus On May High And Fibo
First appeared on eFXplus on May 10 - 02:25 AM
  • EUR/USD broke but failed to see a daily close above 30-DMA, now at 1.1223
  • Bul1s need a close above to keep the overall bias on the upside
  • Other upside levels in focus is the 1.1265 May peak and the 1.1273 Fibo
  • 1.1273 Fibo is a 76.4 percent retrace of the 1.1324 to 1.1110 April drop
  • Interim support has formed circa Thursday's 1.1174 (EBS) low
  • EUR/USD broke above the 30-DMA on Thursday

EUR/USD Trader:

Daily Fibo Chart: Click here

Source:
Thomson Reuters IFR Markets

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