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Thomson Reuters
Jul 27 - 03:48 AM
EUR/USD - Bears Test Fibo After July's Biggest One-Day Fall
First appeared on eFXplus on Jul 27 - 02:25 AM
  • Thursday saw the biggest one-day fall of July according to prices on the EBS
  • Bulls were once again repelled by the thick daily cloud (1.1681-1.1961)
  • Cloud has managed to repel spot multiple times in July
  • Bears test 1.1642 -- 61.8% of 1.1575 to 1.1750 gain -- need close below
  • This would unmask the 1.1575 Fibo -- 76.4% of wider 1.1508 to 1.1790 rise
  • EUR/USD bulls rose within the daily cloud on Thursday nL1N1UM05Q

EUR/USD Trader:

Daily Ichimoku Chart: Click here

Source:
Thomson Reuters IFR Markets

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