Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 02 - 08:55 AM

EUR/USD - Breaks Key Fibo Support, Puts Bulls On Shaky Ground

By Martin Miller  —  May 02 - 06:45 AM
  • EUR/USD's latest setback has broken under key 1.0959 Fibo support

  • 1.0959 Fibo is a 23.6% retrace of the 1.0517-1.1096 (March-April) EBS rise

  • If there is a daily close under 1.0959 Fibo, that would be a bearish sign

  • Until then there is scope for an eventual break above the April 1.1096 peak

  • Especially as the daily tenkan and kijun lines are positive aligned

  • We are long at 1.0965 for eventual gains to 1.1095, stop is at 1.0895

  • Previous update nL1N36Z0F1. EUR/USD Trader TGM2334

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!