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Mar 25 - 03:55 AM

EUR/USD - Is At Growing Risk Of Dropping To Key Fibo Support

By Martin Miller  —  Mar 25 - 02:59 AM
  • EUR/USD big fall Tues and the daily close back below 1.1887 Fibo negative

  • 1.1887 Fibo a 61.8% retrace of the 1.1602 to 1.2349 (Nov to Jan) EBS rise

  • Risk grows for deeper losses to 1.1778 Fibo, 76.4% of the 1.1602-1.2349 gain

  • Bulls need a daily close back above the tenkan line that is now at 1.1897

  • EUR/USD Trader TGM2334 Previous update nL1N2LM0F3

  • Where dollar ends this week could be vitally important nL1N2LL0W1

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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