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FOREXN1
Dec 6, 2022 10:33 AM

EUR/USD:BUY From 61.8% FIBO Support Area For a LONG Setup  Long

Euro Fx/U.S. DollarFXCM

Description

EUR/USD despite the positive economic news given yesterday from the USD the currency reacted positively and this morning the price reached an important level of Fibonacci, 61.8% where it's present also a support level that can help the price to have a new Bullish impulse. As you can see the price is still above the 50 Moving average and all the clues seem in favor of a new Bullish impulse for the EUR.

Comment

Comments
Gold-Tech
Great idea, I like your chart
FOREXN1
@Gold-Tech, Thanks !
RLinda
Nice work. Thank you for sharing. It takes time to see the result
FOREXN1
@RLinda, Thank you so much : )
KlejdiCuni
I like the details that you have shared. Thanks
FOREXN1
@KlejdiCuni, Welcome mate !
Lingrid
Interesting idea
FOREXN1
@Lingrid, Thanks , I appreciate
DeGRAM
Thank you for sharing your analysis. Great job!
FOREXN1
@DeGRAM, I appreciate !
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