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Jun 30 - 01:55 PM

EUR/USD - Shorts Take Another Step Closer To Clearing A Key Impediment

By Christopher Romano  —  Jun 30 - 01:08 PM
  • EUR/USD breaks below the June 18 low, hits a 2 1/2-month low on EBS

  • Shorts now focus on the 76.4% Fibo of 1.1704-1.2266 which sits 1.18366

  • Falling daily, monthly RSIs imply downside momentum remains

  • 10-DMA helps to limit any bounces that are seen; techs remain bearish

  • Break & hold below the Fibo suggests a test near 1.1700 is likely

  • Should support near 1.1700 give way bears will focus on the 1.1600 area

  • For more click on FXBUZ

eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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