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Apr 16 - 02:55 AM

EUR/USD - Bulls Need To Hold Above Key Tech Level To Advance

By Martin Miller  —  Apr 16 - 02:25 AM
  • Bulls need to sustain the break above 1.1974 Fibo to tighten their grip

  • 1.1974 Fibo is 50% of the 1.2243 to 1.1704 (February to March) drop

  • That would keep the focus on daily cloud supply that spans 1.2007-92 region

  • Looking to get long on dips ahead of the 200-DMA now at 1.1909

  • It's not wise to go long dollar in April nL1N2M72KG

  • EUR/USD Trader TGM2334. Previous update nL1N2M80EP

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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