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Jun 28 - 03:55 AM

EUR/USD - Remains Under A Cloud, Friday's Upside Rejection Weighs

By Martin Miller  —  Jun 28 - 02:13 AM
  • EUR/USD last Wed was capped ahead the cloud base that remains at 1.1975

  • Friday's large upper shadow is a clear sign of a rejection of the upside

  • There is a good chance for a bearish resumption towards the 1.1837 Fibo

  • 1.1837 Fibo is 76.4% retrace of the 1.1704 to 1.2266 (March to May) EBS gain

  • We remain short at 1.1920 in anticipation for a bearish resumption

  • EUR/USD Trader TGM2334. Previous update nL2N2O70CK

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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