Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Apr 01 - 04:55 AM

EUR/USD - At Growing Risk Of A Break Under Major Fibo Support

By Martin Miller  —  Apr 01 - 02:36 AM
  • Bears tightened their grip on EUR/USD, keeping the market under 1.1778 Fibo

  • 1.1778 Fibo a 76.4% retrace of the 1.1602 to 1.2349 (Nov to Jan) EBS rise

  • Focus is on the 1.1695 Fibo, 38.2% of 1.0636 to 1.2349 (2020 to 2021) rise

  • Looking to get short at 1.1775 in anticipation for a bear extension

  • A break, daily close under Nov 4 1.1602 low could deepen losses

  • EUR/USD Trader TGM2334 Previous update nL1N2LT0DB

  • Dollar's bullish March likely to spill over into April nL1N2LT0UP

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!