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May 31 - 03:55 AM

EUR/USD - Traders Should Respect What Just Happened

By Jeremy Boulton  —  May 31 - 02:15 AM
  • EUR/USD traded to the exact point to fulfil a tech correction then dropped

  • A 38.2% retracement drop from 2022 high 1.1495 to 2022 low 1.0349 is 1.0787

  • The target for a minimum technical correction of the down move was achieved

  • May 30 EUR/USD reached 1.0787, then dipped, May 31 range 1.0734-77 EBS

  • Daily Ichimoku cloud is thickening and falling, set to weigh

  • Cloud currently 1.0848-1.1016, June 1 base falls to 1.0787

  • EUR/USD recently doubled bets on a rise nL1N2XM0AS




EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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