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Jul 15 - 05:00 AM
EUR/USD - Bulls Need To Conquer Major Fibo Level Soon
First appeared on eFXplus on Jul 15 - 02:50 AM
  • 50% Fibo of 1.1412-1.1194 at 1.1303 key for bulls looking for 1.1400+
  • Alternating long upper-lower candle wicks beginning to weaken the bull bias
  • Run from Jul 1.1194 cloud base low faltered Thurs but bulls re-grouped Frid
  • Early Mon and indecision returns with a tight Doji candle
  • However, converged 21 and 30DMAs failed to deliver a bear cross signal Frid
  • Bear momentum fades and resistance close by: risk of sideways action Mon

EUR/USD Trader

EUR/USD Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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