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Feb 12 - 04:55 AM

EUR/USD - Stuck Between The Broken Trend-Line And Key Fibo

By Martin Miller  —  Feb 12 - 02:49 AM
  • EUR/USD on Tuesday closed above the falling trend-line now at 1.2085

  • Falling trend-line that originated from the Jan 22 1.2190 high

  • Scope grows for an eventual retest of the daily cloud top at 1.2234

  • However, bulls need a daily close above kijun line that fell to 1.2119

  • They also need a close above a key 1.2151 Fibonacci level

  • 1.2151 Fibo, a 50% retrace of the 1.2349 to 1.1952 (Jan to Feb) EBS drop

  • EUR/USD Trader TGM2334. Previous update nL1N2KH0NY

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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