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Feb 23 - 02:55 AM

EUR/USD's Close Above Key Fibo Adds To The Bullish Bias

By Martin Miller  —  Feb 23 - 02:02 AM
  • Bulls could be poised to charge at the daily cloud top, currently at 1.2200

  • A break and daily close above the cloud top would be a very bullish sign

  • Tenkan and kijun lines are positive aligned, reinforcing the upside bias

  • As does the latest daily close above the 1.2151 Fibonacci level

  • 1.2151 Fibo is a 50% retrace of the 1.2349 to 1.1952 (Jan to Feb) EBS drop

  • EUR/USD Trader TGM2334 Previous update nL1N2KR0IG

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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