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Oct 27 - 04:55 AM

EUR/USD - Bulls Need To Clear Thick Cloud To Put Key Fibo In Play

By Martin Miller  —  Oct 27 - 03:10 AM
  • EUR/USD could be set for a bigger rise to test the 1.1919 Fibo

  • 1.1919 Fibo, a 76.4% retrace of the 1.2014 to 1.1613 September drop

  • First bulls need to clear the daily cloud, that now spans 1.1654-1.1829

  • We are long at 1.0805 in anticipation for gains to 1.1905 target

  • EUR/USD Trader TGM2334. Previous nL1N2HG0NL

  • Dollar gains limited by U.S. election's expected outcome nL1N2HG0UV

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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