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Aug 11 - 03:55 AM

EUR/USD - 50% Fibo Might Hold The Key For The Range Break

By Peter Stoneham  —  Aug 11 - 02:05 AM
  • Wed action stalled a pip shy of a 50% Fibo, 1.0787-0.9952

  • Pullback from the 1.0369 high has not negated the tentative upswing

  • We bid by 1.0270 for another run above 1.0300

  • Daily bull momentum has increased but not significantly

  • Daily RSI remains flat at neutral levels

  • However, still potential for the Wed upside range break to extend

  • Levels to watch for the Thursday session: 1.0123 and 1.0370, both 50% Fibos

    For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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