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Nov 01 - 06:12 AM
EUR/USD - Bulls Free To Charge At Oct's Peak And A Major Fibo
First appeared on eFXplus on Nov 01 - 03:50 AM
  • EUR/USD left a long tail on Wed's candle. Scope for a 1.1208 Fibo break

  • The 1.1208 Fibo is a 61.8% retrace of the 1.1412-1.0879 down-leg

  • Cloud, which now spans 1.1012-1.1093, stemmed drop from Oct's 1.1180 peak

  • We are long at 1.1080 since Wednesday, trailing stop is at 1.1120

  • It might be time to protect against a EUR/USD fight back nL2N27E06I

  • EUR/USD at grave risk of a short squeeze beyond a major Fibo nL2N27F2HS

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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