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Mar 23 - 03:55 AM

EUR/USD - Chart Points To A Big Recovery In Coming Sessions

By Martin Miller  —  Mar 23 - 03:03 AM
  • EUR/USD bulls could be gearing up for a charge at kijun line at 1.2040

  • There has been multiple failures under the 1.1887 Fibo, giving bulls hope

  • 1.1887 Fibo is a 61.8% retrace of the 1.1602 to 1.2349 (Nov to Jan) rise

  • There is scope for a recovery to the March 11 1.1990 peak

  • A break and daily close above 1.1990 will accelerate gains further up

  • EUR/USD Trader TGM2334 Previous update nL1N2LK0BS

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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