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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

Refinitiv IFR Research/Market Commentary


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