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Jul 02 - 03:48 AM
EUR/USD - Significant Fall Brings Major 50% Fibo Into Play
First appeared on eFXplus on Jul 02 - 02:00 AM
  • Significant drop and partial retrace of the recent 1.1106-1.1412 climb
  • Key level is at 1.1259, 50% Fibo off the 1.1106 to 1.1412 move
  • 30HMA Bolli and wkly tenkan also at 1.1259: July 12 1.1229 cloud twist noted
  • Clse abve daily cloud trigger a rebound however: we stand aside for now
  • Thick daily cloud stalling the fall, top at 1.1277 and session low 1.1275
  • Despite size of Mon fall momentum and RSI not confirming weakness into Tues

EUR/USD Trader

EUR/USD Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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