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Sep 03 - 05:00 AM
EUR/USD - Six Straight Bear Closes But Bears Not Done Yet
First appeared on eFXplus on Sep 03 - 02:55 AM
  • EUR racked up a sixth straight bear close Monday and bears are not done yet
  • Market now eyes levels under 1.0900 and bear targets taken from May 2017
  • Initial support 76.4% Fibo off the 2016-2018 climb is at 1.0863
  • Below and 1.0855 and 1.0839 lows from May 2017
  • Major res. and bull trigger now 1.1140, wkly trend res. off June 2019 highs
  • Initial fade level at 1.1027, low from Aug 1
  • We have an offer by 1.1020 for an eventual run under 1.0800

EUR/USD Trader

EUR/USD Weekly Candle Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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