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Thomson Reuters
Dec 04 - 06:12 AM
EUR/USD - Bulls Build As The Odds Grow For A Key Fibo Break
First appeared on eFXplus on Dec 04 - 03:50 AM
  • EUR/USD bulls build, scope grows for gains through 1.1424 Fibo nL1N1Y8068
  • 1.1424 Fibo is a 76.4% retrace of the 1.1472 to 1.1267 recent drop
  • Near-term support is clustered between 1.1306-1.1319, recent daily EBS lows
  • We remain long at 1.1330 for an overshoot above the 30-day upper bolli-band
  • The 30-day upper bollinger-band is currently at 1.1462
  • Watch out dollar longs, December is usually bad nL1N1Y80AI

EUR/USD Trader:

Daily Ichimoku Chart: Click here

Source:
Thomson Reuters IFR Markets

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