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EUR/USD sees monthly close below fibo reinforcing bear bias

  • Pair new lows in Asia at 1.1160

  • Scope seen to 11 year low from Jan 26 at 1.1098

  • Intraday correcting oversold levels, use upticks as opportunities to get short

  • Close below long-term 61.8% (1.1212) of 2000/2008 rise reinforces bearishness

  • Opens the path to 1.0072, the 76.4% retrace

 

  • Market Data
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