Welcome Guest:
Sign Up
Derived real-time data in partnership with:
Thomson Reuters
Jan 04 - 05:00 AM
EUR/USD's "false Break" Puts Focus Back On Key Upside Fibo
First appeared on eFXplus on Jan 04 - 02:45 AM
  • The underlying scope grows for eventual gains to the 1.1516 Fibo
  • 1.1516 is a 50% of the 1.1815 to 1.1216 (September to November) drop
  • "False break": Failed to register a daily close below the 1.1323 Fibo
  • 1.1323 is a 61.8% of the 1.1216 to 1.1497 (November to January) recovery
  • The market closed back within the daily cloud which spans 1.1364-1.1516
  • That further reinforces the overall upside potential. Previous nL1N1Z304Q

EUR/USD Trader:

Daily Ichimoku Chart: Click here

Source:
Thomson Reuters IFR Markets

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
!