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Thomson Reuters
Aug 02 - 08:36 AM
EUR/USD - Set To Be Repelled By Cloud Again As Bears Tighten Grip
First appeared on eFXplus on Aug 02 - 06:20 AM
  • EUR/USD left a large upper shadow on Tuesday's candlestick line = bearish
  • Spot looks set to be once again repelled by the thick Ichimoku daily cloud
  • The daily cloud currently spans the 1.1648-1.1954 region
  • Spot breaks 1.1616 Fibo -- 76.4% of 1.1575 to 1.1750 (July 19 to 23) rise
  • Bears now need a daily close below 1.1616 Fibo. New offer placed at 1.1645
  • Beware, however, Trump a potent tool against a strong dollar nL1N1US23H

EUR/USD Trader:

EUR/USD Daily Chart: Click here

Source:
Thomson Reuters IFR Markets

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