Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jun 08 - 04:55 AM

EUR/USD - Chart Solid Supply Means A Drop Through Key Fibo Likely

By Martin Miller  —  Jun 08 - 02:45 AM
  • EUR/USD's recent recovery rise was halted by 1.0787 Fibo resistance

  • 1.0787 Fibo, a 38.2% of the 1.1495 to 1.0349 (EBS) fall

  • The thick daily cloud, that now spans the 1.0744-1.0918 region, also weighs

  • Upside blocked, expectation is for an eventual drop under the 1.0620 Fibo

  • 1.0620 Fibo is a 38.2% retrace of the 1.0349-1.0787 May recovery

  • EUR/USD Trader TGM2334. Previous EUR/USD update nL1N2XU0E9

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!