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Feb 02 - 03:55 AM

EUR/USD - This EUR/USD Rally Could Reach 1.1200

By Jeremy Boulton  —  Feb 02 - 02:55 AM
  • Traders slashed bets on a rise during drop from Dec 28 peak at 1.1139

  • Bets on a rise almost halved before this week's drop

  • Oversold at Thursday's 1.0780 EBS low pair jumps to 1.0887 ahead NFP data

  • Drops for gas nL1N3EL0L8 and oil nL1N3EN0FL support EUR/USD

  • A familiar pattern is hinting at a big rise nL1N3EK0QU

  • The Fibonacci target for this rise is 1.1196

Source:
Refinitiv IFR Research/Market Commentary

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