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Apr 21 - 04:55 AM

EUR/USD - Recovery Likely Be Halted By Two Key Fibo Supply Levels

By Martin Miller  —  Apr 21 - 03:05 AM
  • EUR/USD's latest recovery moves are likely to be temporary

  • Two key Fibo levels above could well limit the upside

  • 1.0921 Fibo, 38.2% retrace of the 1.1185 to 1.0758 (March to April) drop

  • 1.0932 Fibo, 23.6% of the 1.1495 to 1.0758 of the wider (Feb to Apr) fall

  • A break and daily close above kijun line, now at 1.0972, would be bullish

  • FX traders should insure against a EUR/USD slide nL2N2WI0OM

  • EUR/USD Trader TGM2334. Previous nL2N2WI0CQ

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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