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Thomson Reuters
Aug 08 - 05:00 AM
EUR/USD - Bulls Eye Two Key Fibos And The Daily Cloud Base
First appeared on eFXplus on Aug 08 - 03:10 AM
  • Registered biggest one-day rise since July 30 to close above the 1.1591 Fibo
  • 1.1591 is 23.6% retrace of 1.1790 to 1.1530 (Jul to Aug) fall on the EBS
  • Bulls remain focused on the next two 1.1629/1.1660 key Fibos
  • These are 38.2/50% retraces of the same 1.1790 to 1.1530 fall
  • Also in focus is the daily cloud base now at 1.1653
  • Long tail on daily had warned of the downside rejection nL1N1UY04O

EUR/USD Trader:

Daily Fibo Chart: Click here

Source:
Thomson Reuters IFR Markets

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