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Jan 30 - 03:55 AM

EUR/USD - Likely To Probe A Major Fibo As Month-End Looms

By Martin Miller  —  Jan 30 - 02:25 AM
  • EUR/USD likely to climb into month-end and February nL1N34C0HP

  • There is scope for an eventual break above a major 1.0939 Fibo

  • 1.0939 Fibo is a 50% retrace of the 1.2349 to 0.9528 (2021 to 2022) EBS drop

  • 14-day and 14-week momentum both remain positive = bullish market

  • We are long at 1.0805 for 1.1020, while our trailing stop is at 1.0835

  • EUR/USD Trader TGM2334. Previous update nL1N34C0DR

Source:
Refinitiv IFR Research/Market Commentary

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