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Thomson Reuters
Jan 28 - 06:12 AM
EUR/USD - Capped By Fibo After Biggest Daily Gain Since Sept
First appeared on eFXplus on Jan 28 - 03:20 AM
  • EUR/USD registered the biggest one-day gain since Sept 25, on Friday
  • But remains capped below formidable Fibonacci supply so far
  • Monday's high has been 1.1426 which is just shy of the 1.1430 Fibo
  • 1.1430 is a 50% retrace of the 1.1570 to 1.1289 January (EBS) drop
  • We remain short for a bearish resumption, our stop is above the 50% Fibo
  • EUR/USD's 2nd biggest Jan drop closed under cloud/Fibo Thursday nL1N1ZP055

EUR/USD Trader:

Daily Fibo Chart: Click here

Source:
Thomson Reuters IFR Markets

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