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Thomson Reuters
Jun 08 - 03:48 AM
EUR/USD - Bulls Desperately Need A Daily Close Above 30-DMA
First appeared on eFXplus on Jun 08 - 01:40 AM
  • EUR/USD bulls 14th biggest one-day gain of 2018 on Wednesday, since stalled
  • Market registered a daily close above 1.1757 Fibo level on Wednesday
  • 1.1757 Fibonacci level -- 23.6% retrace of the 1.2556 to 1.1510 (2018) fall
  • Bulls are now desperately seeking a daily close above 30-DMA, now at 1.1807
  • Repeated failures to close above 30-DMA will shift the bias back to downside
  • Looking to get long at 1.1735 on an intra-day setback

EUR/USD Trader:

Daily Fibo Chart: Click here

Source:
Thomson Reuters IFR Markets

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