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Thomson Reuters
Apr 02 - 05:00 AM
EUR/USD's Multiple Closes Under Key Fibo Is An Ominous Sign
First appeared on eFXplus on Apr 02 - 03:05 AM
  • EUR/USD has registered multiple daily closes below the 1.1241 Fibo
  • 1.1241 Fibo is a 76.4% retrace of the 1.1177 to 1.1448 rise
  • Makes the chance of a breakdown below the recent 1.1177 2019 low more likely
  • We have lowered our offer to 1.1240 as Monday's 1.1250 peak may stem gains
  • EUR/USD's downside risk grew with another close below key Fibo nL1N21I07O

EUR/USD Trader:

Daily Ichimoku Chart: Click here

Source:
Thomson Reuters IFR Markets

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