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Aug 24 - 03:55 AM

EUR/USD - Risk Of A Bigger Squeeze But Only Above 1.1800

By Peter Stoneham  —  Aug 24 - 02:34 AM
  • Two-day rebound out of a 1.1664 2021 low stalling at 38.2% Fibo

  • Fibo retracements off 1.1909-1.1664 drop 38.2% at 1.1758 and 50% at 1.1787

  • Dailies still lean bearish despite rebound

  • Resistance area 1.1787 to 1.1804 needs to be cleared for a bigger squeeze

  • Monday 1.1694 low the downside trigger for today

  • We a wait stronger signals before making a recommendation

    For more click on FXBUZ








EUR/USD Trader

EUR/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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