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Sep 04 - 05:55 AM

EUR/USD - CORRECTED-BUZZ-EUR/USD Bears Need A Daily Close Under Broken Fibo

By Martin Miller  —  Sep 04 - 03:40 AM

Changed title and refreshed bullets

  • Long upper shadow on Tue's candle weighs, but long lower shadow Thur props

  • We are now short of EUR/USD at 1.1850 in anticipation for losses to 1.1700

  • EUR/USD broke below 1.1815 Fibo on Thursday, but failed to close below

  • 1.1815 Fibo, 23.6% retrace of 1.1169 to 1.2014 (June 19 to Sept 1) EBS rise

  • Daily close under 1.1815 Fibo would weaken the underlying bearish structure

  • EUR/USD Trader TGM2334. Previous update nL1N2G006R

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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