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Thomson Reuters
Mar 13 - 06:12 AM
EUR/USD - Bulls Need A Close Above A Key Fibo To Tighten Grip
First appeared on eFXplus on Mar 13 - 04:05 AM
  • EUR/USD continued the recovery from the last week's 1.1177 2019 low
  • It broke and registered a daily close above the 1.1270 Fibonacci level
  • 1.1270 Fibo is a 23.6 percent retrace of 1.1570 to 1.1177 2019 (EBS) drop
  • We are now short at 1.1280 in anticipation for a bearish resumption
  • A daily close above 1.1327, 38.2% of same 1.1570-1.1177 drop, would defer
  • EUR/USD shorts may be protected by big upside levels nL1N20Z07Z

EUR/USD Trader:

Daily Ichimoku Chart: Click here

Source:
Thomson Reuters IFR Markets

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