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Jan 25 - 05:55 AM

EUR/USD - Could Climb To Test The Kijun Line This Week

By Martin Miller  —  Jan 25 - 03:48 AM
  • Scope grows for gains this week through the kijun line at 1.2202

  • Spot recently left a bear trap under the 1.2064 Fibonacci level

  • 1.2064 Fibo is a 38.2% retrace of the 1.1602 to 1.2349 (Nov to Jan) EBS rise

  • That was followed by a daily close above the key 1.2167 Fibo = bullish

  • 1.2167 Fibo is a 38.2% retrace of 1.2349 to 1.2054 January drop

  • EUR/USD Trader TGM2334. Previous update nL1N2JX0EW

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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