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Mar 08 - 03:55 AM

EUR/USD - Sees The Biggest One-Day Drop Since Sept, Chart Darkens

By Martin Miller  —  Mar 08 - 02:25 AM
  • EUR/USD is now well below the cloud, that now spans the 1.0621-1.0822 region

  • Spot saw the biggest daily drop since Sept 2022, Tues, closing down 148 pips

  • Increasing odds of a much bigger slump to the 1.0459 Fibo

  • 1.0459 Fibo is a 38.2% retrace of the 0.9528-1.1034 (Sept-Feb) EBS rise

  • Daily momentum remains negative, highlighting the bearish bias

  • EUR/USD Trader TGM2334. Previous update nL1N35E0EC

Source:
Refinitiv IFR Research/Market Commentary

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