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Thomson Reuters
Sep 28 - 03:48 AM
EUR/USD - Chastened EUR/USD Bulls Need To Prevent Close Below 30-DMA, Fibo
First appeared on eFXplus on Sep 28 - 02:20 AM
  • Speed of EUR/USD's decline has weakened the market structure, close now key
  • On Thursday spot registered its 4th biggest 2018 one-day fall
  • Market closed down 102 pips according to prices on the EBS
  • Bulls need to prevent a daily close 30-DMA, now at 1.1646 and 1.1619 Fibo
  • The 1.1619 Fibo is a 38.2% retrace of the 1.1301 to 1.1815 rise
  • Long at 1.1655 for a recovery. Previous ,

EUR/USD Trader:

Biggest 2018 One-Day Falls Ranking Table: Click here

Daily Bollinger Chart: Click here

Source:
Thomson Reuters IFR Markets

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