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Feb 24 - 02:55 AM

EUR/USD - Chart Points To Bigger Losses In Coming Sessions

By Martin Miller  —  Feb 24 - 02:35 AM
  • EUR/USD continued to sink deeper into daily cloud that spans 1.0412-1.0742

  • A bigger slump to the 1.0459 Fibo in coming sessions is likely

  • 1.0459 Fibo is 38.2% of the 0.9528 to 1.1034 (Sept to Feb) EBS rise

  • 14-day momentum remains negative, reinforcing the overall bearish market

  • EUR/USD Trader TGM2334. Previous update nL1N3530EH

  • Fed 'compromise' does not blow dollar off course nL1N3530KD

Source:
Refinitiv IFR Research/Market Commentary

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