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Jun 15 - 03:55 AM

EUR/USD - Chart Points To A Bigger Drop

By Martin Miller  —  Jun 15 - 02:12 AM
  • EUR/USD's big drop on Friday under the June 1.2104 low is a bearish sign

  • That increases the odds of a deeper fall to the 1.2051 Fibonacci level

  • 1.2051 Fibo is a 38.2% retrace of 1.1704 to 1.2266 (March to May) EBS gain

  • We are short at 1.2160 in anticipation for losses to the 1.1960 objective

  • Meanwhile our trailing stop is at 1.2145. USD shorts in trouble nL2N2NW09D

  • EUR/USD Trader TGM2334. Previous update nL2N2NT0BP

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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