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Jan 12 - 03:55 AM

EUR/USD - Close Under A Key Fibo Puts Bulls Under Severe Pressure

By Martin Miller  —  Jan 12 - 02:37 AM
  • EUR/USD suffered a setback last week after hitting 1.2349

  • There has been a break and daily close under the 1.2173 Fibo

  • 1.2173 Fibo is 23.6% of the 1.1602 to 1.2349 (November to January) EBS rise

  • That has put our 1.2220 long under severe pressure, stop is at 1.2120

  • Trader TGM2334. Previous update nL1N2JM0G0

  • Dollar's growing speculative short versus bearish chart nL1N2JL0C2

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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