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Mar 31 - 03:55 AM

EUR/USD - Is In Danger Of Crashing Under Major Fibo Support

By Martin Miller  —  Mar 31 - 02:49 AM
  • EUR/USD bears have tightened their grip on this market

  • They managed to keep the market below the 1.1778 Fibo

  • 1.1778 Fibo a 76.4% retrace of the 1.1602 to 1.2349 (Nov to Jan) EBS rise

  • Focus on 1.1695 Fibo, 38.2% of 1.0636 to 1.2349 (2020 to 2021) rise

  • Looking to get short at 1.1775 in anticipation for a bear extension

  • A break, daily close under Nov 4 1.1602 low could deepen losses

  • EUR/USD Trader TGM2334 Previous update nL1N2LS0DJ

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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