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Thomson Reuters
Apr 02 - 06:12 AM
EUR/USD - Key Fibo At Risk EUR/USD Traders Set To Get Much More Bearish
First appeared on eFXplus on Apr 02 - 04:35 AM
  • EUR/USD pinned to base of area of greater volume, 1.12-1.15
  • A bearish sign suggesting that expected 1.11-1.16 range will soon drop
  • A close below 1.1186 should spark a much more bearish phase
  • This should result in many fresh shorts and much more bearish speculation
  • Yet, it may not result in a rapid drop nL1N21G08K nL1N21K04O
  • A slow progression towards 1.10 ahead end-2019 is more likely

EUR/USD weekly Click here

Source:
Thomson Reuters IFR Markets

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