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Apr 25 - 09:55 PM

EUR/USD - Edging Above Key Fibo Resistance At 1.2102

By John Noonan  —  Apr 25 - 08:49 PM
  • EUR/USD bid in early Asia and is testing key fibo resistance above 1.2100

  • The 61.8 of the 1.2349/1.1704 move is @ 1.2102 and the high so far is 1.2105

  • A clear break above 1.2115 could see the trend higher accelerate

  • There is minor resistance at the March 3 high at 1.2113

  • The 76.4 retracement of the aforementioned move is at 1.2196

  • A more likely target would be the Feb 25 high at 1.2243

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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