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Aug 07 - 05:00 AM
EUR/USD - Traders Don't Know Where To Turn As Doji Appears
First appeared on eFXplus on Aug 07 - 03:10 AM
  • Broke but failed, on Tuesday, to register a daily close above 1.1220 Fibo
  • 1.1220 Fibo is a 50% retrace of the 1.1412 to 1.1027 (June to August) drop
  • Daily doji candle was formed Tuesday: market closed near where it opened
  • Doji underscores the underlying market indecision at the moment
  • Daily cloud, which spans 1.1259-1.1302 region, is a huge obstacle to bulls
  • EUR/USD saw biggest daily rise since Jan, but cloud an obstacle

EUR/USD Trader:

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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