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Sep 22 - 03:55 AM

EUR/USD - Bears Face Significant Obstacles On The Chart

By Martin Miller  —  Sep 22 - 01:50 AM
  • EUR/USD saw a big drop on Monday, but there is a good chance of a recovery

  • That is due to solid support at 1.1691 Fibo that could limit further falls

  • 1.1691 Fibo is 38.2% of the 1.1169 to 1.2014 (June to September) rise

  • Thick cloud, that spans the 1.1567-1.1742 region, a huge obstacle for bears

  • EUR/USD Trader TGM2334. Previous update nL2N2GI04Y

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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