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Thomson Reuters
Mar 13 - 06:12 AM
EUR/USD - Remains In A Vice-Like Grip Between Fibo And 30-DMA
First appeared on eFXplus on Mar 13 - 04:25 AM
  • EUR/USD continues to trade above the key 1.2266 Fibonacci level
  • 1.2266 Fibo is 61.8% retracement of the 1.2155 to 1.2447 rise
  • Bulls have grappled with the 30-DMA this session and so far failed
  • What is needed is a daily close above the 30-DMA to fuel a rise to 1.2400
  • Fourteen-day momentum has the potential to register positive reading Tuesday
  • We remain long at 1.2360 for 1.2500, our stop is below the 1.2266 Fibo

EUR/USD Trader:

Daily Fibo Chart: Click here

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