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Nov 25 - 03:55 AM

EUR/USD - Closes Three Days In A Row Sub Key Fibo, Cloud Darkens

By Martin Miller  —  Nov 25 - 02:21 AM
  • EUR/USD has registered three daily closes in a row under the 1.1290 Fibo

  • 1.1290 Fibo is a 61.8% retrace of the 1.0636 to 1.2349 (2020 to 2021) rise

  • Overall scope grows for much bigger losses towards the 1.1040 Fibo

  • 1.1040 Fibo is a 76.4% retrace of the same 1.0636 to 1.2349 gain

  • A break under 1.1040 Fibo could then unmask the 1.1000 psychological level

  • EUR/USD Trader TGM2334. Previous update nL1N2SF0E5

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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