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Mar 22 - 03:55 AM

EUR/USD - Multiple Failures Under A Key Fibo Gives Bulls Hope

By Martin Miller  —  Mar 22 - 02:56 AM
  • EUR/USD has had multiple failures under the 1.1887 Fibo, giving bulls hope

  • 1.1887 Fibo is a 61.8% retrace of the 1.1602 to 1.2349 (Nov to Jan) rise

  • There is scope for a recovery to the March 11 1.1990 peak

  • A break and daily close above 1.1990 will accelerate moves higher

  • However our 1.1960 long has been stopped, stand aside for now

  • EUR/USD Trader TGM2334 Previous update nL1N2LH0BM

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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