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Aug 21 - 02:55 AM

EUR/USD - Key Fibo Caps EUR/USD

By Jeremy Boulton  —  Aug 21 - 02:30 AM
  • EUR/USD rallies from yesterday's 1.1803 low to 1.1883 EBS

  • Given the amount of long positions it's an impressive rebound

  • The 50% retracement of the drop from 2020's high is 1.1884

  • 61.8 and 76.4% same move are 1.1903 and 1.1927

  • Support at 61.8% retrace rise from Aug low @ 1.1799 & 21-DMA 1.1806

  • EUR 720mln expires @ 1.1875 today. Range just inside 1.18-1.19 likely

  • A break of either 1.1805 or 1.1905 required to excite


Likely EUR/USD supports Click here

EUR/USD Click here

Source:
Refinitiv IFR Research/Market Commentary

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