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Thomson Reuters
Jun 04 - 05:00 AM
EUR/USD - Bulls Eye Fibo, But Daily Close Above 10-DMA Needed
First appeared on eFXplus on Jun 04 - 03:05 AM
  • Bulls focused on the 1.1757 Fibo, above which will accelerate further
  • 1.1757 Fibo -- 23.6% of the 1.2556 to 1.1510 (February to May) fall
  • Nr-term daily close above 10-DMA, at 1.1671, needed to fuel anticipated rise
  • We remain bullish on this market while Friday's 1.1617 base remains intact
  • EUR/USD bulls need close above 10-DMA to expose major Fibo

EUR/USD Trader:

Daily Bollinger Chart: Click here

Source:
Thomson Reuters IFR Markets

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