Welcome Guest:
Sign Up
Derived real-time data in partnership with:
Thomson Reuters
Nov 22 - 03:48 AM
EUR/USD - Bulls Build For Key Fibo, Despite Negative Signs
First appeared on eFXplus on Nov 22 - 01:35 AM
  • We remain long at 1.1405 in anticipation for an eventual bullish resumption
  • Growing scope for 1.1516 Fibo, 50% of 1.1815 to 1.1216 (Sept to Nov) drop
  • Tue's long black candle (Nov's 2nd biggest), Mon's long upper shadow bearish
  • But solid support has built up ahead of the 1.1344 Fibo
  • 1.1344 Fibo is a 50% retrace of the 1.1216 to 1.1472 recent recovery
  • Bulls fought back, need a close above 30-DMA now at 1.1408

EUR/USD Trader:

Daily Fibo Chart: Click here

Source:
Thomson Reuters IFR Markets

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
!