Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jul 23 - 04:55 AM

EUR/USD - Tackles Major Long-Term Chart Resistance

By Martin Miller  —  Jul 23 - 02:55 AM
  • EUR/USD has broken the 2019 1.1570 peak and the long-term 1.1596 Fibo

  • 1.1596 Fibo is a 50% retrace of the 1.2656 to 1.0636 (2018 to 2020) drop

  • A weekly close above 1.1570/96 should lead to much bigger moves

  • Tenkan and kijun lines are positive aligned = bullish market structure

  • We are long at 1.1405 for 1.1625, trailing stop raised to 1.1540

  • EUR/USD Trader TGM2334. Previous EUR/USD update nL2N2ET04S

Weekly 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
© 2020 eFXdata · All Rights Reserved
!