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Thomson Reuters
Jul 18 - 06:12 AM
EUR/USD - Cloud Rejection Gives Bears A Clear Run At Key Fibo
First appeared on eFXplus on Jul 18 - 04:15 AM
  • Bears are in control after thick daily cloud stymied bulls in recent days
  • Daily cloud currently spans the wide 1.1741-1.1962 region
  • Tuesday saw the 2nd biggest one-day points fall of July, negative
  • Rate of fall increases odds of a test of the 1.1575 Fibonacci level
  • 1.1575 Fibo -- 76.4% retrace of the 1.1508 to 1.1790 (June to July) EBS rise
  • Rising daily cloud base had given bulls greater freedom nL1N1UD047

EUR/USD Trader:

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Source:
Thomson Reuters IFR Markets

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