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Nov 24 - 04:55 AM

EUR/USD - Closes Twice Is A Row Under Key Fibo, Expect Losses

By Martin Miller  —  Nov 24 - 02:45 AM
  • EUR/USD has registered two daily closes in a row under the 1.1290 Fibo

  • 1.1290 Fibo is a 61.8% retrace of the 1.0636 to 1.2349 (2020 to 2021) rise

  • The scope grows for much bigger losses towards 1.1040 Fibo

  • 1.1040 Fibo is a 76.4% retrace of the same 1.0636 to 1.2349 gain

  • Dollar's gain on Powell renomination is just the start nL1N2SD2HH

  • EUR/USD Trader TGM2334. Previous update nL1N2SD0FZ

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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