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Jul 21 - 03:55 AM

EUR/USD - Remains At Risk Of A Drop Near To Key Fibo Support

By Martin Miller  —  Jul 21 - 01:59 AM
  • EUR/USD overall scope is for further losses towards the 1.1695 Fibo

  • 1.1695 Fibo is a 38.2% retrace of the 1.0636 to 1.2349 (2020 to 2021) rise

  • Solid support might return circa the 1.1695 Fibo, we have a bid at 1.1715

  • Bulls need to force a break back above Monday's 1.1884 (EBS) high

  • Resurgent dollar looks set to climb further nL1N2OW0LN

  • EUR/USD Trader TGM2334. Previous update nL1N2OW0BP

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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