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Sep 02 - 04:55 AM

EUR/USD - Chart Increasingly Bullish, But Cloud Supply A Problem

By Martin Miller  —  Sep 02 - 02:44 AM
  • EUR/USD has seen a recent break and daily close above the 1.1806 Fibo

  • 1.1806 Fibo is a 23.6% retrace of the 1.2266 to 1.1664 (May to August) fall

  • While that has unmasked 1.1894 Fibo, bulls should be mindful of cloud supply

  • 1.1894 Fibo is a 38.2% retrace of the same 1.2266 to 1.1664 drop

  • Daily cloud now spans the 1.1843-1.2009 region. Previous update nL1N2Q30CK

  • We are looking to get long at 1.1825. EUR/USD Trader TGM2334

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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