Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Aug 18 - 05:55 AM

EUR/USD - Vital EUR/USD Levels Are Still A Long Way Off

By Jeremy Boulton  —  Aug 18 - 04:40 AM
  • Despite huge EUR/USD rise (around 11%) since March crucial levels way off

  • A break over 1.2103 would open the door for these key levels nL1N2FK0A3

  • 1.2103 is 76.4% drop from 1.2556. Break would suggest 2018 high revisited

  • Major levels lie 1.25-1.26. 2018 rally to 1.2556 failed near these points

  • 38.2% , obj min tech correction, drop from 1.6040 (record peak) is 1.2517

  • 61.8% drop from 1.3995 (ECB inspired drop) is 1.2599

  • Follow through targets from these levels are 1.3190 and 1.3132





EUR/USD 1.3995 drop Click here

EUR/USD 1.6040 drop Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2020 eFXdata · All Rights Reserved
!