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Aug 19 - 03:55 AM

EUR/USD - REFILE-BUZZ-Three Major EUR/USD Targets Near 1.20 Urge Caution

By Jeremy Boulton  —  Aug 19 - 02:20 AM

Adds correct chart, removes duplicate

  • A 61.8% fibo projection off 2017 low, 2018 high and 2020 low is 1.2006

  • The 100% projection off Mar 2020 low, June high, Jun 22 low is 1.1955

  • 1.1997 38.2% target off Jun 22 low, Aug 6 peak 1.1916 & Aug 12 low @ 1.1711

  • Three important moves. Three targets close to 1.2000

  • Despite a rapid rise (bullish) it's worth considering profit taking

  • There is never a bad time to book a profit, can be better not bad

  • 1.1661 is objective for minimum correction of rise from June's low





EUR/USD retracements Click here

EUR/USD targets off June 22 2020 low Click here

EUR/USD targets off March 2020 low Click here

EUR/USD targets off 2017 low Click here

Source:
Refinitiv IFR Research/Market Commentary

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