Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Apr 27 - 02:55 AM

EUR/USD - Could Be Set To Probe Major Fibo Resistance Near 1.2200

By Martin Miller  —  Apr 27 - 02:07 AM
  • Daily chart bullish, EUR/USD on course to test the major 1.2197 Fibo

  • 1.2197 Fibo is a 76.4% retrace of the 1.2349 to 1.1704 2021 drop

  • Setback on Monday found support at 1.2061, we managed to get long at 1.2065

  • Friday saw a close above daily cloud, that now spans 1.1978-1.2040

  • That first close above the cloud since Feb 25 is a very bullish sign

  • Bearish USD bets rise as the medium-term chart darkens nL1N2MI0KN

  • EUR/USD Trader TGM2334. Previous update nL1N2MJ0D9

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!