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Apr 29 - 04:55 AM

EUR/USD - Mathematics Target A Return To EUR/USD's 2021 High

By Jeremy Boulton  —  Apr 29 - 02:48 AM
  • Major fibo target is 1.2358, 9 pips above current 2021 peak nL1N2MM0G8

  • Targets is drawn off big levels: Mar 2020 low, 2021 high and 2021 low

  • Positioning crucial, longs weighed then rally resumed after big paring

  • Rally began from 1.1704 9 pips above 38.2% retrace Mar 2020-2021 rise

  • 38.2% 1.0636-1.2348 is the minimum objective for a tech correction

  • Bull targets above 1.2358: 1.2560, 1.2763 and 1.3417



EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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