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Oct 25 - 04:55 AM

EUR/USD - Chart Pointing To Big Gains Above Key Fibo Supply

By Martin Miller  —  Oct 25 - 02:52 AM
  • EUR/USD's recent recovery move has so far been limited by key 1.1670 Fibo

  • 1.1670 Fibo is a 38.2% retrace of the 1.1909 to 1.1522 (Sept to Oct) drop

  • We remain long at 1.1633 in anticipation for bigger gains through 1.1670

  • That would unmask the 1.1716 Fibo, 50% of the same 1.1909-1.1522 fall

  • Our stop is under the daily tenkan line that is currently at 1.1600

  • EUR/USD Trader TGM2334

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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