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Feb 27 - 04:55 AM

EUR/USD - Chart Points To A Likely Slump To A Key Fibo

By Martin Miller  —  Feb 27 - 02:40 AM
  • EUR/USD has broken the base of the daily cloud that spans 1.0545-1.0766

  • A bigger slump to the 1.0459 Fibo in coming sessions is likely

  • 1.0459 Fibo is 38.2% of the 0.9528 to 1.1034 (Sept to Feb) EBS rise

  • 14-day momentum remains negative, reinforcing the overall bearish market

  • EUR/USD Trader TGM2334. Previous update nL1N3540HU

  • Things are looking good for the dollar nL1N3540QT

Source:
Refinitiv IFR Research/Market Commentary

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