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Sep 24 - 03:55 AM

EUR/USD - Bulls Need A Close Above Key Broken Fibo Resistance

By Martin Miller  —  Sep 24 - 02:14 AM
  • EUR/USD's recent recovery attempts have been limited

  • Market remains offered while under the daily cloud that spans 1.1760-1.1929

  • Bulls need a close above 1.1737 Fibo, 23.6% retrace of 1.1909 to 1.1684 drop

  • Until then the scope is for all losses towards the 2021 1.1664 low

  • Break and daily close below the 1.1664 low, would likely accelerate further

  • EUR/USD Trader TGM2334. Previous update nL1N2QP0BA

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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