Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Dec 09 - 03:55 AM

EUR/USD - Chart Very Bullish, Monday's High Is Vulnerable

By Martin Miller  —  Dec 09 - 02:45 AM
  • EUR/USD failed to close under 1.0453 Fibo, 38.2% of the 1.0223-1.0595 rise

  • That failure keeps the bias on the upside, Monday's 1.0595 high vulnerable

  • Last week the market closed above the 1.0512 Fibo = bullish

  • 1.0512 Fibo: 50% retrace of 1.1495 to 0.9528 (Feb to Sept) EBS drop

  • Will be a bull trap if spot closes back below 1.0512 at the end of this week

  • EUR/USD Trader TGM2334. Previous update nL1N32Y0GM

  • Where USD ends this week could be key to direction nL1N32Y0O9

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!