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Sep 15 - 04:55 AM

EUR/USD - Bulls Need To Close Above Key Fibo To Avert Setback

By Martin Miller  —  Sep 15 - 02:35 AM
  • EUR/USD needs a daily close above the 1.1914 Fibo to lower downside risk

  • 1.1914 Fibo, a 61.8% retracements of the 1.2014 to 1.1753 September setback

  • EUR/USD's long upper shadow on last Thursday's candlestick line, bearish

  • Failure to close above the 1.1914 Fibo despite a break also a negative sign

  • Risk is for a drop back to the Sept 1.1753 low. EUR/USD Trader TGM2334

  • USD/JPY on the cusp of being rejected by thick cloud resistance nL1N2GC05T

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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