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Oct 26 - 03:55 AM

EUR/USD - Could Hit A Major Fibo Above Once It Clears The Cloud

By Martin Miller  —  Oct 26 - 02:45 AM
  • EUR/USD could be on the cusp of bigger gains to the 1.1919 Fibo

  • 1.1919 Fibo, a 76.4% retrace of the 1.2014 to 1.1613 September drop

  • Bulls need to completely clear the daily cloud, that spans 1.1635-1.1849

  • That would enable them to tighten their grip on this market

  • We are looking to get long on dips to 1.1805, ahead of Fri's 1.1787 low

  • EUR/USD Trader TGM2334. Previous nL1N2HD06I

  • Storm clouds gather over a fragile dollar nL1N2HC0AC

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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