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Sep 30 - 04:55 AM

EUR/USD - Might Have Run Out Of Steam Ahead Of Key Fibo Supply

By Martin Miller  —  Sep 30 - 03:10 AM
  • EUR/USD continued the big recovery from the recent multi-year 0.9528 low

  • It closed above the 0.9790 Fibo - 50% of the 1.0051 to 0.9528 (EBS) drop

  • However, it has so far run out of steam ahead of the key 0.9851 Fibo

  • 0.9851 Fibo - a 61.8% retrace of the same 1.0051 to 0.9528 fall

  • We are looking to get short at the 0.9840 level for a bearish resumption

  • EUR/USD Trader TGM2334. Previous update nL1N3100HI

Source:
Refinitiv IFR Research/Market Commentary

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