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Jun 04 - 04:55 AM

EUR/USD - Bears Need A Close Under Key Broken Tech Support

By Martin Miller  —  Jun 04 - 03:11 AM
  • EUR/USD is on a knife-edge, with a marginal downside tilt

  • Bears need a daily close under the broken kijun line, that is now at 1.2126

  • That would tighten their grip on this market and increase downside risk

  • 1.2051 Fibo, 38.2% of 1.1704-1.2266 (March-May) EBS gain, would be exposed

  • Looking to get short at 1.2160, but beware of June seasonality nL2N2NJ34G

  • EUR/USD Trader TGM2334. Previous update nL2N2NK2QI

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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