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Jul 19 - 04:55 AM

EUR/USD - Bulls Need A Close Above A Key Fibo To Gain A Foothold

By Martin Miller  —  Jul 19 - 02:35 AM
  • EUR/USD recently traded at the lowest levels seen since Dec 2002

  • 14-week momentum is negative, highlighting the underlying bearish market

  • As does the negative alignment of the daily tenkan and kijun lines

  • S-term recovery has broken 1.0149 Fibo, bulls need a daily close above

  • 1.0149 Fibo, a 23.6% retrace of the 1.0787 to 0.9952 (EBS) drop

  • EUR/USD Trader TGM2334. Previous EUR/USD update nL1N2YX0G1

Source:
Refinitiv IFR Research/Market Commentary

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