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Jun 24 - 04:55 AM

EUR/USD - At Risk Of A Slump And Close Under A Key Fibo

By Martin Miller  —  Jun 24 - 03:10 AM
  • EUR/USD looks set to slump due to a variety of factors nL1N2YA0I7

  • Recent recovery attempts have so far been halted by the thick daily cloud

  • The cloud currently spans the wide 1.0561-1.0767 region

  • Scope is for a break under 1.0453 Fibo, 61.8% of 1.0359-1.0606 gain

  • Daily close under 1.0453 Fibo would expose 2022 1.0349 and 2017 1.0340 lows

  • We are short at 1.0550 for losses to our 1.0360 target

  • EUR/USD Trader TGM2334. Previous EUR/USD update nL1N2YA0C5

Source:
Refinitiv IFR Research/Market Commentary

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