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Oct 01 - 02:55 AM

EUR/USD - Chart Points To An Even Bigger Slump

By Martin Miller  —  Oct 01 - 01:59 AM
  • EUR/USD dropped to new 2021 lows on Thursday, expect bigger losses

  • 1.1493 Fibo - 50% of the 1.0636 to 1.2349 (2020 to 2021) rise - exposed

  • We remain short at 1.1700 for 1.1540, trailing stop lowered to 1.1610

  • Market very offered while under the daily cloud that spans 1.1760-1.1835

  • Dollar could be on the verge of a bigger surge nL1N2QW0P1

  • EUR/USD Trader TGM2334. Previous update nL1N2QW0CQ

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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