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Nov 14 - 03:55 AM

EUR/USD - Chart Bullish, But August's Peak Could Be Tough To Crack

By Martin Miller  —  Nov 14 - 02:35 AM
  • EUR/USD saw a big rise last Thurs, to perform a close above 1.0170 Fibo

  • 1.0170 Fibo is a 76.4% retrace of 1.0369 to 0.9528 (Aug to Sept) EBS fall

  • Further gains since have so far faltered ahead of the August 1.0369 peak

  • EUR/USD bulls need to overcome 1.0369, in order to keep the bias on gains

  • 14-day momentum remains positive, reinforcing the bullish market

  • EUR/USD Trader TGM2334. Previous update nL1N3270FK

Source:
Refinitiv IFR Research/Market Commentary

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