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Jul 11 - 03:48 AM
EUR/USD - Major Fibo Breach On Rebound From Tues Bull Signal
First appeared on eFXplus on Jul 11 - 02:05 AM
  • Thin daily cloud but base held: strong rebound from Tues hammer candle
  • Being thin the cloud offered little resistance: now rising and thickening
  • Price back abv 100DMA and retraces 38.2% of recent 1.1412 to 1.1194 drop
  • Momentum still heavily negative but RSI is confirming the rally
  • Weekly still not giving much away: range trade the theme under the 200WMA
  • We have a bid by 1.1325 for 1.1325, 200DMA and would set stop below 1.1180

EUR/USD Trader

EUR/USD daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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