Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jan 16 - 03:55 AM

EUR/USD - Chart Shows A Market Set To Soar Above A Long-Term Fibo

By Martin Miller  —  Jan 16 - 02:40 AM
  • EUR/USD bullish cycle looks set to extend in coming sessions

  • The overall scope is for gains through the major 1.0939 Fibo

  • 1.0939 Fibo is a 50% retrace of the 1.2349 to 0.9528 (2021 to 2022) EBS drop

  • Fourteen-week momentum remains positive, reinforcing the bullish market

  • Immediate support comes in at Fri's 1.0781 low, level should prop spot

  • We are long at 1.0805. EUR/USD Trader TGM2334. Previous nL1N33Y0FP

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!