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Jul 19 - 02:55 AM

EUR/USD - Chart Still Points To A Drop

By Martin Miller  —  Jul 19 - 02:18 AM
  • EUR/USD's overall bias remains on the downside

  • Near-term scope is for a break below the 1.1772 recent matching lows

  • A break under 1.1772 level would unmask April 5 1.1738 low and 1.1695 Fibo

  • 1.1695 Fibo is 38.2% of the 1.0636 to 1.2349 (2020 to 2021) (EBS) rise

  • Bulls need to force a break back above Monday's 1.1884 high to defer

  • EUR/USD Trader TGM2334. Previous update nL1N2OS0GF

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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