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Oct 12 - 03:55 AM

EUR/USD - Chart Points To Bigger Gains

By Martin Miller  —  Oct 12 - 02:10 AM
  • EUR/USD's closed above the 1.1814 Fibo on Friday = a bullish development

  • 1.1814 Fibo is a 50% retrace of the 1.2014 to 1.1613 September (EBS) drop

  • While the market has been trapped within the thick cloud throughout Oct

  • The scope is growing for bigger gains to the daily cloud top

  • The daily Ichimoku cloud currently spans the 1.1600-1.1871 region

  • Our 1.1795 short is in danger. EUR/USD Trader TGM2334

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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