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Mar 15 - 04:55 AM

EUR/USD - 'Double Close' Above A Key Fibo, A Very Bullish Sign

By Martin Miller  —  Mar 15 - 03:45 AM
  • EUR/USD gains in the daily cloud, the 1.0662-1.0805 region, a positive sign

  • There has been two daily closes in a row above the 1.0719 Fibo, also bullish

  • 1.0719 Fibo is a 38.2% retrace of the 1.1034-1.0524 (Feb to Mar) EBS drop

  • Bears need a below the cloud base to shift the bias back to the downside

  • EUR/USD Trader TGM2334. Previous update nL1N35M0I2

  • Dollar downside risk grows due to Fed pause speculation nL1N35M0JC

Source:
Refinitiv IFR Research/Market Commentary

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