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Sep 03 - 03:48 AM
EUR/USD - Sinks And Door To 1.0340 May Soon Be Opened
First appeared on eFXplus on Sep 03 - 02:25 AM
  • EUR/USD reaches 1.0931 before a very small bounce
  • Option/corp demand ahead 1.0900 now support but stops loom below
  • Major tech fibo now within touching distance
  • 76.4% 2016-2018 rally is 1.0863. 76.4% is a point no return
  • Below 1.0863 would signal a full retrace of that 1.0340-1.2556 rise
  • This time, around EUR/USD could reach parity

EUR/USD weekly chart Click here

Source:
Refinitiv IFR Research/Market Commentary

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