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Aug 16 - 02:55 AM

EUR/USD - Risk Of Fade Following Friday Rebound

By Peter Stoneham  —  Aug 16 - 02:06 AM
  • Euro shaken from its bout of loss consolidation, big up day Friday

  • Highs of 1.1804 (EBS pricing) just shy of 1.1808 50% Fibo: 1.1909-1.1706

  • Softer bias but tight range early Monday and risk the Frid rebound fades

  • 10DMA initial support at 1.1780 but pivotal lvl remains 1.1704, Mar 31 low

  • Friday rebound needs confirmation after any minor adjustment today

  • Weekly hammer leans bullish but also needs confirmation

    For more click on FXBUZ








EUR/USD Trader

EUR/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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