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Oct 01 - 12:12 AM
EUR/USD - Ventures Into Abyss As Germany Remains Stoic
First appeared on eFXplus on Sep 30 - 10:05 PM
  • EUR/USD exposed to the abyss after break of historical barrier

  • Breakdown of support from Mar-Aug 2015 Fibo has removed chart floor

  • Fibo now caps near 1.0940; Bollinger downtrend ceiling at 1.0952

  • Near-term bearish target is psychological level at 1.0800

  • Break of 1.0800 could trigger deluge of stoploss-related selling

  • German resistance to fiscal stimulus does EUR no favors nL5N26L4SA

EURfibo: Click here

Refinitiv IFR Research/Market Commentary


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