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Thomson Reuters
Jan 14 - 03:48 AM
EUR/USD - Bruised EUR/USD Bulls Could Build Ahead Of Cloud/key Fibo
First appeared on eFXplus on Jan 14 - 02:10 AM
  • Bulls could build a base ahead of daily cloud top which has sunk to 1.1434
  • Cloud top a mere one pip below the 1.1435 Fibonacci level
  • 1.1435 Fibo is a 38.2% retrace of the 1.1216 to 1.1570 (Nov to Jan) rise
  • We remain long at 1.1480 in anticipation for a bullish resumption
  • Scope for 1.1586 Fibo, a 61.8% of the 1.1815 to 1.1216 (Sept to Nov) drop
  • Cloud top drop had put bulls in danger nL1N1ZB05I

EUR/USD Trader:

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Source:
Thomson Reuters IFR Markets

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