Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Nov 16 - 05:55 AM

EUR/USD - Targets And A Trigger Point For Current EUR/USD Rise

By Jeremy Boulton  —  Nov 16 - 03:45 AM
  • Fibo targets drawn off EUR/USD's November extremes

  • 38.2% 1.1866 (met), 50% 1.1904, 61.8% 1.1941, 100% 1.2063

  • Trigger point @ 1.1879, 76.4% drop from 1.1920

  • Today's range 1.1835-68 EBS

  • Big reduction of longs will allow for resumption of uptrend nL1N2I20GM

  • Timing is an issue. ECB to ease and year-end will dampen risk appetite

  • Demand for options covering moves over 1.20 may see significant increase




EUR/USD Click here

EUR/USD fibo targets Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2020 eFXdata · All Rights Reserved
!