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Jun 28 - 05:55 AM

EUR/USD - Chart Highlights Multiple Factors Capping The Recovery

By Martin Miller  —  Jun 28 - 03:35 AM
  • EUR/USD's recovery moves have so far been halted by the thick daily cloud,

  • The cloud currently spans the wide 1.0596-1.0767 region

  • 55-DMA, now at 1.0617 and 1.0615 Fibo, 61.8% of 1.0774-1.0359 drop weigh

  • Scope is for a break under 1.0457 Fibo, a 61.8% of 1.0359-1.0615 (EBS) gain

  • We are short at 1.0550 for losses to our 1.0360 target, stop is at 1.0645

  • Speculators snap up the dollar for the next leg higher nL1N2YD0D1

  • EUR/USD Trader TGM2334. Previous EUR/USD update nL1N2YE0B5

Source:
Refinitiv IFR Research/Market Commentary

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