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Thomson Reuters
May 01 - 02:36 PM
EUR/USD - Bulls Probe Key Fibo And 30-DMA, Need A Close Above
First appeared on eFXplus on May 01 - 10:20 AM
  • Friday's recovery from the new 2019 1.1110 low gathers pace
  • Bulls have now broken 1.1242 Fibo, 61.8% of 1.1324 to 1.1110 Apr (EBS) drop
  • Also broken above the 30-DMA which is currently at 1.1243
  • A daily close above these level will bring 1.1273 (76.4%) Fibo into view
  • A failure top close above the 1.1242/43 region, however, will be negative
  • Previous update nL1N22D05B

EUR/USD Trader:

Daily Fibo Chart: Click here

Source:
Thomson Reuters IFR Markets

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