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Thomson Reuters
Dec 06 - 05:00 AM
EUR/USD - Bulls Need A Close Above 30-DMA To Unmask A Key Fibo
First appeared on eFXplus on Dec 06 - 02:45 AM
  • Tuesday's large intra-day setback has put bulls on edge
  • Bulls will need to break and daily close back above the 30-DMA at 1.1359
  • Need a daily close above 30-DMA in order to reduce risk of a drop sub 1.1306
  • Bulls rebuild ahead of 1.1306 Nov 11 low and are gearing up for 1.1424 Fibo
  • 1.1424 Fibo is a 76.4 percent of the 1.1472 to 1.1267 recent drop
  • EUR/USD bulls regroup for another assault on a key Fibo nL1N1YA094

EUR/USD Trader:

Daily Fibo Chart: Click here

Source:
Thomson Reuters IFR Markets

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