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Thomson Reuters
Jun 11 - 03:48 AM
EUR/USD - Constructive But Bulls Need Close Above Major Fibo
First appeared on eFXplus on Jun 11 - 01:55 AM
  • Key Fibo breach Friday, 1.1338 50% 1.1570-1.1106, but bulls need close above
  • Gain consolidation above the daily cloud a threat to shorts
  • Daily bull momentum strong and RSI holding just below over bought values
  • Daily cloud top, 1.1279 and 100DMA, 1.1273, now key support levels
  • Early in the month but chart potential for a snap of a five-mth bear run
  • Initial Fibo retrace level off the 1.2556 to 1.1106 drop comes in at 1.1448

EUR/USD Trader:

EUR/USD Daily Ichimoku Chart: Click here

EUR/USD Monthly Candle Chart: Click here

Source:
Thomson Reuters IFR Markets

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