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Thomson Reuters
Dec 07 - 05:00 AM
EUR/USD - Bulls Close Above 30-DMA, Scope For A Key Fibo Break
First appeared on eFXplus on Dec 07 - 02:50 AM
  • EUR/USD bull's charge wilted ahead of the 1.1424 Fibonacci level on Thursday
  • 1.1424 is a 76.4 percent retrace of the 1.1472 to 1.1267 recent (EBS) fall
  • At least bulls managed to register a daily close above 30-DMA at 1.1359
  • The scope is for an eventual break above the 1.1424 Fibo
  • A break above 1.1424 Fibo will unmask the 30-day upper bolli-band at 1.1456
  • EUR/USD bulls needed a close above 30-DMA to unmask a key Fibo nL1N1YB062

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