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Aug 16 - 05:00 AM
EUR/USD's Fate May Be Sealed After The Close Under Key Fibo
First appeared on eFXplus on Aug 16 - 02:55 AM
  • Recent slide has managed to register a daily close below the key 1.1112 Fibo
  • 1.112 Fibonacci level is a 61.8% retrace of the 1.1027 to 1.1249 rise
  • That could well have sealed spot's fate to a deeper fall to 2019 1.1027 low
  • We remain short at 1.1215, our trailing stop is at 1.1160
  • Our stop is being guarded by Thu's 1.1158 high, target remains at 1.1050
  • EUR/USD had eyed the key 1.1112 Fibo

EUR/USD Trader:

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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