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Jan 15 - 05:55 AM

EUR/USD - Chart Is Looking Very Negative

By Martin Miller  —  Jan 15 - 03:47 AM
  • Bears are keeping the EUR/USD well under broken 1.2173 Fibonacci support

  • 1.2173 Fibo: 23.6% of the 1.1602 to 1.2349 (November to January) EBS rise

  • That increases the odds of a deeper drop to 1.2064 Fibo of the same rise

  • S-term there needs to be a break under Thur's 2020 1.2111 low

  • EUR/USD Trader TGM2334. Previous update nL1N2JP17R

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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