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Thomson Reuters
Jun 14 - 03:48 AM
EUR/USD's Odds Are Increasing For A Drop To The 30-DMA
First appeared on eFXplus on Jun 14 - 02:05 AM
  • Odds are increasing for a fall to the 30-DMA, which is currently at 1.1214
  • Bears trying to reassert themselves after "bull trap" above the 1.1338 Fibo
  • 1.1338 a 50% retrace of the 1.1570 to 1.1106 2019 drop
  • Mkt broke but failed to close above 1.1338 Fibo on Wed and last Fri
  • That "double failure" reinforces the bearish structure
  • EUR/USD "double fail" above Fibo, biggest drop since April

EUR/USD Trader:

Daily Bollinger Chart: Click here

Source:
Thomson Reuters IFR Markets

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