Welcome Guest:
Sign Up
A Data Partner of:
Refinitiv
Jul 10 - 05:00 AM
EUR/USD - Good Bids Touted To Key Fibo Support, Rebound Risk
First appeared on eFXplus on Jul 10 - 02:55 AM
  • Daily cloud base still causing problems for bears: risk of a bounce above
  • Last Friday's sharp losses as the cloud gave way limiting a further decline
  • The base of the cloud is at 1.1208, session low 1.1202
  • Looks like good bids run down to 1.1190 level, ahead of key 1.1181 support
  • 76.4% Fibo off the 1.1106 to 1.1412 move comes at 1.1178
  • Thin cloud gives scope for rebound but close below risks another leg lower

EUR/USD Trader

EUR/USD Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
!