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Sep 20 - 03:55 AM

EUR/USD - Chart Is Becoming More Bearish

By Martin Miller  —  Sep 20 - 02:24 AM
  • EUR/USD weighed down by thick cloud, that spans the 1.1805-1.1962 region

  • Spot has been under pressure since the "bull trap" above 1.1894 Fibo

  • 1.1894 Fibo is a 38.2% of the 1.2266 to 1.1664 (May to August) drop

  • Subsequent trading under the kijun line, now at 1.1787, very bearish

  • We are short at 1.1775 in anticipation for bigger losses

  • EUR/USD Trader TGM2334. Previous update nL1N2QJ0AM

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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