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Aug 25 - 02:55 AM

EUR/USD - Major Fibo Level Pivotal For Wednesday

By Peter Stoneham  —  Aug 25 - 02:18 AM
  • Trading midway between 50% Fibos, minor and major

  • Bigger level on top at 1.1787, off 1.1909-1.1664

  • 14-day momentum failed to confirm Aug-20-24 rally, remains negative

  • Initial levels to watch 1.1728-1.1765, Tues range extremes

  • 1.1787 Fibo seen key, 21-30DMAs just below at 1.1777-81

  • We lean bearish while below but await stronger signals

    For more click on FXBUZ









EUR/USD Trader

EUR/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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