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Mar 15 - 03:55 AM

EUR/USD - Chart Mixed, Things Are On A Knife-Edge

By Martin Miller  —  Mar 15 - 02:56 AM
  • This market could go either way according to the daily chart

  • EUR/USD failed to maintain trading under the 1.1887 Fibo, giving bulls hope

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

  • But failure to sustain break above tenkan line, now at 1.1975, negative

  • We remain long at 1.1960 but are mindful that the outlook is mixed

  • EUR/USD Trader TGM2334 Previous update nL1N2LA0E0

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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