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Jun 25 - 03:48 AM
EUR/USD - Bulls Look To 76.4% Fibo But Divergence Warns Of Pullback
First appeared on eFXplus on Jun 25 - 01:55 AM
  • Five-day bull run extends to 1.1412, strong momentum confirming the move
  • Beginning to look strained above 1.1400 however and daily RSI is diverging
  • Could just reach 1.1460, 76.4% Fibo 1.1570 to 1.1106 before lower
  • Daily cloud seen pivotal to the bull bias, top at 1.1279
  • Note a cloud twist at 1.1230 out to July 12, could begin to influence price
  • Bulls in control but need consolidation/pullback to 200DMA to keep on top
  • Band of major weekly resistance also standing in the way: 1.1416 to 1.1485

EUR/USD Trader:

EUR/USD Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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