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Thomson Reuters
Jun 05 - 05:00 AM
EUR/USD - Bulls Need To Overcome A Key Fibo To Unlock 30-DMA
First appeared on eFXplus on Jun 05 - 03:00 AM
  • Bulls managed to register a daily close above 10-DMA, currently at 1.1664
  • Now they need to overcome the key 1.1757 Fibonacci level to strengthen bias
  • 1.1757 Fibo -- 23.6% retrace of the 1.2556-1.1510 2018 fall
  • Break and daily close above 1.1757 Fibo will unmask the 30-DMA now at 1.1840
  • Solid support continues to underpin at Friday's 1.1617 low
  • EUR/USD bulls needed a close above 10-DMA to unmask Fibo

EUR/USD Trader:

Daily Fibo Chart: Click here

Source:
Thomson Reuters IFR Markets

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