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May 23 - 07:55 AM

EUR/USD - Targets For This EUR/USD Correction And Subsequent Drop

By Jeremy Boulton  —  May 23 - 05:35 AM
  • Minor corrections for Fed inspired EUR/USD drop are 1.0814 and 1.1081

  • The targets for the bounce inspired by ECB is 1.0786

  • These are minimum tech corrections of a major decline (1.2266-1.0349)

  • If achieved they will likely be followed by a resumption of that drop

  • The next targets a drop below 2022's 1.0349 low are 1.0228 and 0.9949

  • EUR/USD traders should position for deeper decline nL2N2XF0FW




EURUSD 2022 drop and retracements Click here

EURUSD and betting Click here

EURUSD targets latest Click here

Source:
Refinitiv IFR Research/Market Commentary

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